± Sun Pharma is looking at acquire a US based company valued at US$300mn. (ET)
± Ashok Leyland has bagged an order for 600 vehicles worth Rs1.25bn from Hubli-based VRL Logistics. (BL)
± JSW Steel will issue global depository receipts (GDR) worth Rs4.6bn to Japanese steel major JFE Steel Corporation. (BL)
± The Tamil Nadu Electricity Board has paid the first instalment of Rs1bn to GMR Infrastructure as part of the Rs4.8bn settlement relating to a power purchase agreement. (BL)
± Everonn Education Ltd has transferred more than 3.9mn shares to SKIL Infrastructure Ltd to raise ~Rs2bn. (BS)
± The Supreme Court adjourned hearing of a special leave petition against the Madras High Court order to close down the Sterlite’s copper smelting plant in Tuticorin, Tamil Nadu, on alleged environment pollution to January. (BS)
± Hindalco will receive a dividend (return of capital) of US$1.7bn from its Canadian subsidiary Novelis Inc which recently announced plans to raise US$4bn through debt. (BL)
± Rcom become the first telecom operator to launch third-generation (3G) services in the metro cities of Delhi, Mumbai and Kolkata. (BS)
± Steel Strips Wheels (SSWL) issued and allotted 0.377mn equity shares of Rs10 each to South Korean company GS Global Corp. (BL)
± GlaxoSmithKline has agreed to buy protein drinks firm Maxinutrition for US$256mn from its private-equity owners to complement its Lucozade sports drinks franchise. (ET)
