Business Daily from THE HINDU group of publications
Friday, September 05, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, September 05, 2008 ePaper | Mobile/PDA Version | Audio |
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MERGERS & ACQUISITIONS: Tata Power acquiring 11.4% stake in Australian geothermal energy co Both cos to look for geothermal prospects outside Australia. Mumbai, Sept. 4 Tata Power on Thursday announced it would acquire a 11.4 per cent stake in Geodynamics Ltd, an Australian company specialising in geothermal energy, for Rs 165 ... OPEN OFFERS: Sun Pharma extends open offer by a month Taro appeals against earlier court decision. Mumbai, Sept. 4 Sun Pharmaceutical has extended the closing date on its open offer for Taro’s shares by a month, to October 3. ... RIGHTS ISSUE: Brokerages turn cautious on Tata Motors Equity dilution, Singur trouble major cause for concern. Kolkata, Sept. 4 Brokerages appear to be cautious about changing recommendation gear for Tata Motors after it announced prices and structure for its two simultaneous and unlinked rights ... TRADE & LABOUR UNIONS: Lockout at Perambra unit of Apollo Tyres lifted Report on production between shifts by Nov 30. Kochi, Sept. 4 The lockout at the Perambra plant of Apollo Tyres in Kerala’s Thrissur district has been lifted and employees have resumed work from the morning shift on Wednesday. The state ... OUTLOOK: Slowdown in sales raises Maruti’s component stock level Production halted for 4 extra days in Aug; scaled up output of Swift, Dzire. New Delhi, Sept. 4 Low retail sales due to a sluggish market scenario compelled Maruti Suzuki to halt its production for four extra days last month. The company ... MERGERS & ACQUISITIONS: M&A: SEBI for independent opinion on fair value Mumbai, Sept. 4 Capital markets regulator SEBI has directed both listed and unlisted companies seeking mergers to get a “Fairness Opinion” from independent merchant bankers on the valuation done by their ... PREFERENTIAL ALLOTMENTS: Manappuram Group to receive Rs 108-cr capital Kochi, Sept. 4 Manappuram Group of companies is to receive fresh capital infusion to the tune of Rs 108 crore , including those from a UK and a US-based private equity firm, the group Chairman, Mr V. P. Nandakumar, said. While the UK-based ... AWARDS & HONOURS: Award for Avesthagen CMD Dr Villoo Morawala-Patell, Founder and CMD of biotech company Avesthagen Ltd, has been conferred the ‘Astitva Award’ for excellence in science and technology 2008. The award was presented by the Zee-Archana Astitva Awards in Mumbai on ... PREFERENTIAL ALLOTMENTS: GTL Infra achieves financial closure Telecom tower company GTL Infrastructure has achieved financial closure of its Rs 7,265-crore project that entails rolling out of 15,700 telecom towers. The firm has financed its project through a mix of debt and equity, a company official said. ... OVERSEAS INVESTMENTS: HCL Tech rises on buzz of an overseas buyout Trading volume surges to 5.66 lakh shares. New Delhi, Sept. 4 The shares of HCL Technologies on Thursday closed 0.82 per cent higher to Rs 251.65, amid market buzz that the company could be eyeing a large overseas acquisition. The shares, ... ALLIANCES & JOINT VENTURES: First Advantage, ERA enter alliance NEW PROJECTS: Supreme Petrochem investing in building insulator production To set up facilities in multiple locations; expects demand growth. Chennai, Sept. 4 Supreme Petrochem Ltd, Mumbai, plans to invest in multiple locations to make building insulation products.. ... BONUS ANNOUNCEMENTS: GAIL gets shareholders nod for bonus issue of 1:2 New Delhi, Sept. 4 The public sector gas transmission and marketing major, GAIL (India) Ltd, today got its shareholders nod for issuance of bonus share in the ratio of 1:2 (one bonus share for every two shares held). The company got the ... MERGERS & ACQUISITIONS: Great Offshore buys 2 maritime services cos Moves into port management, single point mooring operations. Mumbai, Sept. 4 Great Offshore Ltd has announced its foray into port management and single point mooring operations through acquisition of two maritime services companies in Andhra ...
MERGERS & ACQUISITIONS:
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