UPDATE 2-Market Chatter -- Corporate finance press digest

(Adds Alcatel-Lucent)

BANGALORE, Sept 18 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* GlaxoSmithKline (GSK.L) is in talks to buy a 5 percent stake in Indian drug maker Dr Reddy's Laboratories (REDY.BO) in a deal likely to be valued at $150 million, the Economic Times reported on Friday, citing sources privy to the development. [ID:nBOM46628]

* British Land (BLND.L) is poised to conclude the long-awaited sale of half of its Broadgate office complex to Blackstone (BX.N), the Financial Times reported on Friday. [ID:nLH49987]

* Merger and acquisition projects are not on the agenda of for Franco-American telecom equipment supplier Alcatel-Lucent (ALUA.PA), its chief executive said in a newspaper interview. He would not comment on recent speculation that the company could form an alliance with China's Huawei [HWT.UL]. [ID:nLI304010]

* Munich Re (MUVGn.DE), the world's biggest reinsurer, has made a provision against a possible $200 million hit from exposure to South Korean container shipbuilders stuck with vessels that have not been paid for. [ID:nLH24899]

For Deals of the Day, click on [ID:nSP255360] (Compiled by Purwa Naveen Raman in Bangalore; Editing by Jon Loades-Carter)