Corporate Snippets

Tata Motors may issue more shares under the differential voting rights (DVR) banner for raising funds. (BS)

Alcatel Lucent is in discussions with various service providers, including Reliance Industries and Tikona Digital Networks, to provide infrastructure for mobile broadband services. (BS)

GVK Power & Infrastructure is in the last lap of finalising a private equity investment of US$280mn in its power venture. (BS)

Blackstone has invested US$300mn in Moser Baer Projects Private Ltd, the unlisted energy business of Moser Baer India (BS)

Essar Oil and IOC have bid for five and ten of Shell India’s retail outlets, respectively. BPCL is negotiating a bid for nine outlets. (BS)

Dr Reddy's Laboratories said it was looking out for partnerships to expand its presence in Japan. (ET)