Stocks in news: Austral Coke, Bharti, Tata Motors, Maytas

Stocks in news: Austral Coke, Bharti, Tata Motors, Maytas

Here are stocks that are in news today:

SEBI unearths Rs 1,000 crore scam at Austral Coke
SEBI Says
-IT Department found bogus transactions worth Rs 1,000 crore
-Have found prima facie evidence of corporate fraud
-Alert: IT Dept raided Austral Coke premises on June 23
-Rs 142 crore IPO funds diverted via bogus transactions
-Bars Austral Coke from raising fresh capital
-Alert: Company's September 3 board meet planned to discuss Rs 970 crore QIP (qualified institutional placement)
Austral Coke says IT Dept yet to revert to company's response; to present its case before SEBI on September 9

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Link : http://www.onlineequitycalls.com/2009/09/stocks-in-news-austral-coke-bharti-tata-motors-maytas/

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