Equity market News -5th September 2008

• PE players eye BT's stake in Tech Mahindra - ET
• Patel Eng close to acquiring coal mine in Indonesia - ET
• ONGC has agreed to sell gas at $11/mmbtu to Maharashtra govt, which is 2-1/2 times higher than govt approved price of $4.32 - ET
• Steel Cos have slashed prices by Rs 2000/tn from Sept 1 - ET
• Balco's residual stake sale headed for arbitration as Sterlite and Govt fails to arrive at an appropriate valuation - BS
• Jai Corp raises Rs 5686 cr via 2 venture funds - BS
• Bharti likely to buy Foodland Fresh - DNA
• OVL eyes Canadian co for $1.5bn - Mint
• Tatas looking to spin off international steel assets, including Corus Overseas listing could raise billions of dollars to help bankroll steel unit’s expansion - FT