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Market Update

Eros and Zee TV in Content Partnership, Just Dial to Raise Capital


Author: Mukesh Buch
ticker.com
Last Update: 9:02 AM ET August 20 2014

6:00 PM Mumbai Ashok Leyland sold residential properties in Chennai and raised Rs 210 crore. Cadila Healthcare received the final approval from the U.S. drug regulator for anti-viral drug. Eros acquired worldwide rights of Zee TV premier content. Moser Baer net loss widened.

The Sensex Index slipped 106.38 or 0.4% to close at 26,314.29 The CNX Nifty fell 22.20 to 7,875.30.

Gainers & Losers

Ashok Leyland Ltd slipped 1.8% to Rs 37.10 after the company sold one of its residential properties in Chennai and raised Rs 210 crore.

Cadila Healthcare Ltd increased 1.2% to Rs 1,206 after the company received the final approval from the U.S. drug regulator for anti-viral drug Acyclovir tablets.

Eros International Media Limited surged 8.7% to Rs 247.05 after the company acquired worldwide rights of Zee TV premier content.

Just Dial Ltd jumped 2.3% to Rs 1,775.50 after the company''s board approved foreign institutional investor shareholder limit to 75% from 49%.

The board also approved acquisition of Just Dial Inc. from Just Dial Global Private Limited.

Karur Vysya Bank Limited gained 0.7% to Rs 473 and the bank plans to raise up to Rs 1,000 crore or $165 million from institutional investors.

Moser Baer India Limited climbed 4.9% to Rs 8.38 after net loss in the first-quarter doubled to Rs 189.20 crore from Rs 98.50 crore and revenue declined 21.9% to Rs 270.67 crore.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc