CORPORATE
OVERSEAS BORROWINGS
L&T issues equity shares
Larsen & Toubro said it issued 4,90,223-lakh equity shares on June 26, upon conversion of 1.58 billion Japanese yen-denominated Foreign Currency Convertible Bonds. The company had launched a $100-million FCCB issue denominated in Japanese yen ...
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NEW BUSINESS
GMR group bags Holi Bajoli hydro electric project
180-MW project to come up in Himachal Pradesh
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MERGERS & ACQUISITIONS
UK’s Ineos to buy promoters’ equity in Lanxess India
Ahmedabad, June 29 Following the sale by Germany’s Lanxess AG of its styrene business to the UK’s Ineos Group, the Indian promoters of Lanxess ABS India, based in Vadodara have decided to sell their stake to Ineos.Mr S.M. ...
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NEW PROJECTS
Kesoram plans tyre unit in Uttarakhand
Cement capacity expansion on cards
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Cethar Vessels to set up turbine unit
Deal with a foreign partner soon
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DIVERSIFICATION
Simplex Infra forays into oil drilling
2-yr contract with OIL
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OUTLOOK
Bosch bullish on business from low-priced cars
Bangalore, June 29 Bosch Group anticipates a billion-euro business from manufacturing low-priced vehicles alone with its products and technologies by 2010.The forecast stems from the company’s focus on low-priced cars changing ...
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