Akruti City, Dr. Reddy's, Larsen, Satyam: India Equity Preview

March 20 (Bloomberg) -- The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of yesterday's close.

The Bombay Stock Exchange's Sensitive Index, or Sensex, advanced 25.07, or 0.3 percent, to 9,001.75. The S&P CNX Nifty Index on the National Stock Exchange rose 0.5 percent to 2,807.15. The BSE 200 Index added 0.3 percent to 1,056.64. SGX Nifty futures for March delivery fell 0.8 percent to 2,777.5 at 11:08 a.m. in Singapore today.

Akruti City Ltd. (AKCL IN): The National Stock Exchange will remove the nation's second-largest developer by market value from its derivatives segment by the end of this month. Trading in futures and options of the Mumbai-based company will be halted after March 26, the day contracts for April and May expire, the exchange said on its Web site yesterday, without providing a reason for the exclusion. The shares rose 10 percent to 2,210.85 rupees.

Dr. Reddy's Laboratories Ltd. (DRRD IN): The nation's second-biggest drugmaker said yesterday it will exit some of the small distributor-driven generics markets, with an impact of less than 1 percent on revenue. Dr. Reddy's fell 0.1 percent to 436.4 rupees.

Larsen & Toubro Ltd. (LT IN): India's biggest engineering firm will pay four years of pending dividends to Grasim Industries Ltd., the Business Standard reported, citing an order by the Bombay High Court. Grasim will receive 120 million rupees ($2.3 million) as dividends for the 3.85 million shares it holds in Larsen, and interest at the rate of 18 percent per annum, the newspaper said. Larsen fell 4.1 percent to 609.4 rupees, while Grasim (GRASIM IN) retreated 0.6 percent to 1,461.25 rupees.

Reliance Industries Ltd. (RIL IN): India's biggest company by market value plans to enlist a partner for a planned new venture for its fuel operations, the Economic Times reported, citing a person familiar with the matter. Indian Oil Corp. and the Indian division of Royal Dutch Shell Plc are frontrunners to buy the 50 percent stake, the Economic Times said. Reliance rose 1.1 percent to 1,345.7 rupees.

Satyam Computer Services Ltd. (SCS IN): The Indian software maker plans to restate the past seven years' financial reports by cutting sales, India's Economic Times said. The restatement may reduce the company's reported revenue by at least 10 percent to 15 percent and may "have a significant impact" on Satyam's valuation for its bidders, the report said, without saying where it got the information. Satyam rose 1.8 percent to 44.5 rupees.

Tata Motors Ltd. (TTMT IN): The nation's biggest truck- maker will limit production of Nano, the world's cheapest car, to 40,000 units this year, the Financial Times reported, without saying where it got the information. The Indian carmaker was forced to move the site of the car's production to an existing facility because of protests and its new factory will not be in operation until 2010, the newspaper said. Tata Motors fell 2.7 percent to 171.7 rupees.

To contact the reporters on this story: Anoop Agrawal in Mumbai at aagrawal8@bloomberg.net Thomas Kutty Abraham in Mumbai at tabraham4@bloomberg.net