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Monday, October 13, 2008

Equity Market News -13th October 2008

  • Hindalco rights issue devolves, LIC stays away from issue as prices falls below the offer prices: BS
  • Tata Motors
    Tata Motors rights issue may be in trouble – BS

  • Payment to Ranbaxy shareholder will begin from Tuesday, followed by promoters selling its 34.5% stake to Daiichi – ET
  • McKinsey sues Reliance Communication on consultancy dues,
    -Reliance Communication says not clear whether Rs 27.13 crore is due for it or from Reliance Industries – DNA

Saturday, October 11, 2008

Sumeet Industries-Right Issue Record Date

Sumeet Industries Ltd has informed the market that October 29, 2008 has been fixed as the Record Date for the purpose of Rights entitlement (one equity share for every one equity share held i.e. 1:1) at a price of Rs 15/- per share i.e. each share of face value of Rs 10/- each to be issued at Rs 15/-

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