Analjit Singh-owned insurance and healthcare company Max India is raising Rs 150 crore through a preferential allotment of shares to International Finance Corporation (IFC), the private sector investment arm of World...
RIL-RPL merger under RoC lens for Companies Act ‘violation’
The RoC letter, a copy of which is available with ET, said that a prima-facie reading of the complaint indicates a “possible violation of The Companies Act. The RoC letter dated April, 28, asked India’s...
No plans to sell US mills: JSW Steel
Sajjan Jindal-led JSW Steel today said it has no plans to sell its US-based units even as mills are operating at only 10-15 per cent of their production capacity amid waning demand on account of the economic crisis...
Sealand sells stake in Gateway Distripark
Logistics services provider Gateway Distriparks said today that the US-based port operator Sealand Terminals has reduced its stake in the company to 3.64 per cent after selling shares worth Rs 17.59 crore, through the...
DLF promoters sell 9.9% stake, raise Rs 3,860 cr
The promoters of DLF Ltd on Wednesday sold 9.9 per cent stake in the company to institutional investors, for a consideration of Rs 3,860 crore. Capital International Fund has bought the largest chunk of the shares...
LIC hikes stake in UBI to 9 %; buys shares worth Rs 142 cr
Life Insurance Corporation of India (LIC) has hiked its stake to 9.18 per cent in public sector lender Union Bank of India (UBI) after purchasing shares worth Rs 141.64 crore through an open market transaction...
Indiabulls Securities – Updates on Buy Back Offer
Enam Securities Pvt Ltd ("Manager to the Buyback") on behalf of Indiabulls Securities Ltd ("Target Company") has issued this Corrigendum to Public Announcement to the Equity Shareholders / Beneficial...
Indiabulls Sec buyback from May 14
Indiabulls Securities said on Wednesday that its buyback offer will commence on May 14 instead of May 6. The offer will close on March 5, 2010. On April 22, the company had announced that it would be buying back between...
Floating dock for Bharati Shipyard
Recently Bharati Shipyard hit the headlines following the announcement of its acquisition of more than 14 per cent stake in Great Offshore. There was another development of no less significance, though not much...
Cholamandalam DBS Finance CDR approved
Cholamandalam DBS Finance Ltd, promoted by Chennai-based Murugappa Group today said that it has received Madras High Court’s approval for company’s proposed capital restructuring. In an announcement to...
IBM buys data analytics software maker Exeros
International Business Machines Corp (IBM.N), the world’s second-largest software maker, said on Tuesday it has acquired Exeros, a privately held maker of computer programs that help companies analyze data across...
Alstom or Siemens may join BHEL-NPCIL JV
Power equipment maker BHEL today said it is scouting for a third partner for its existing joint venture with the Nuclear Power Corporation and is in talks with foreign companies, including Alstom and Siemens, for...
