tag:blogger.com,1999:blog-83653636990278504942023-11-15T20:16:21.848+05:30Radial EquityThis site is dedicated to information regarding stock market and important news related to companies like Buy backs,Bonus issues,Stock Splits,Rights issues etc.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comBlogger169125tag:blogger.com,1999:blog-8365363699027850494.post-80718883984744752512008-10-13T09:06:00.001+05:302008-10-13T09:10:09.213+05:30Equity Market News -13th October 2008<ul><li><span style="font-family:Arial;font-size:85%;">Hindalco rights issue devolves, LIC stays away from issue as prices falls below the offer prices: BS</span></li><li><span style="font-family:Arial;font-size:85%;"><strong>Tata Motors</strong><br />Tata Motors rights issue may be in trouble – BS</span></li><li><span style="font-family:Arial;font-size:85%;"><strong></strong><br /></span></li><li><span style="font-family:Arial;font-size:85%;">Payment to Ranbaxy shareholder will begin from Tuesday, followed by promoters selling its 34.5% stake to Daiichi – ET </span></li><li><span style="font-family:Arial;font-size:85%;">McKinsey sues Reliance Communication on consultancy dues,<br />-Reliance Communication says not clear whether Rs 27.13 crore is due for it or from Reliance Industries – DNA </span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-60671105809750313622008-10-11T09:17:00.000+05:302008-10-11T09:19:36.857+05:30Sumeet Industries-Right Issue Record DateSumeet 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/-RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-56609183653832329272008-10-10T10:22:00.000+05:302008-10-10T10:25:13.572+05:30<ul><li><span style=";font-family:Arial;font-size:85%;" >New 2G players face hefty sellout fee, sale of over 50% to attract acquisition levy equivalent to <a id="KonaLink0" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >market </span><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >value</span></span></a>: ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Tata Power looking at increasing stake in Indonesia’s Bumi Resources, has 30% in two unlisted coal subsidiaries of Bumi: ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >M&M-BAE Systems JV fails to get necessary approval for 49% stake of foreign partner</span></li><li><span style="font-size:85%;"><span style="font-family:Arial;"><strong>Hindalco</strong><br />-Promoters mop up 4 million <a id="KonaLink1" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >shares</span></span></a> from open market in last two days: BS<br />-Rights issue may devolve; underwriters may have to pick 20%; promoters have promised to subscribe to 50%: ET </span></span></li><li><span style=";font-family:Arial;font-size:85%;" >Tata Communications South African arm Neotel looking to raise USD 1 billion for expansion: BS</span></li><li><span style=";font-family:Arial;font-size:85%;" >ONGC seeks stake in Kazakhstan <a id="KonaLink2" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >oil </span><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >company</span></span></a> with 194 million tonnes recoverable reserves: DNA Money</span></li><li><span style=";font-family:Arial;font-size:85%;" >Arcelor-Mittal, Tata Steel eye stake in 18 abandoned mines of Coal India: DNA Money</span></li><li><span style=";font-family:Arial;font-size:85%;" >Cairn India yet to get ‘right of use’ for Rajasthan pipeline from state government: HBL </span></li><li><span style=";font-family:Arial;font-size:85%;" >Philips, GE, Siemens eye L&T medical division: BS</span></li><li><span style=";font-family:Arial;font-size:85%;" >Nagarjuna Construction gives up on Blackstone, delay helped Blackstone to save substantial money: Mint</span></li><li><span style=";font-family:Arial;font-size:85%;" >Citi Bank, Reliance Retail plan 50:50 finance JV: BS</span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-58350979442855653922008-10-07T10:04:00.001+05:302008-10-07T10:06:43.137+05:30Equity Market News- 7th Otober 2008<ul><li><span style=";font-family:Arial;font-size:85%;" >Quippo, a subsidiary of SREI Infra may transfer telecom assets to Tata arm, pick up 49% in merged entity - ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Zandu owners, Emami attempt out-of-court <a id="KonaLink2" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >settlement</span></span></a> - ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Alok Industries may sell eco-friendly textiles to Tatas - ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Center weighs 100% FDI in commodity broking business - ET </span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-12188841080504884322008-10-07T10:03:00.000+05:302008-10-07T10:04:09.258+05:30Thermax bags Rs 450 crore orderThermax Ltd has informed the market that the Company has won a Rs 450 crore order for setting up a captive power plant. The 60 MW power plant will be built and commissioned on a turnkey basis for a green field integrated steel complex in Andhra Pradesh. The plant will use process gases and blended coal as fuel.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-15144598000368919352008-10-07T10:02:00.000+05:302008-10-07T10:03:25.081+05:30Ganesh Housing - Buy BackGanesh Housing Corporation Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on October 25, 2008, inter alia, to consider the proposal for buy-back of equity shares upto such amount of the aggregate of Company's paid up equity capital and free reserves as the Board may decide in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998. The members of the Board will consider the aforesaid proposal only if the members of the Company at the Extra Ordinary general meeting scheduled to be convened on October 25, 2008 approves the insertion of requisite enabling Clause 10A in the Articles of Association of the Company for buy back of equity shares.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-40880546894104728012008-10-07T10:01:00.002+05:302008-10-07T10:02:45.021+05:30DLF -Buy Back OfferThe Company announces the Buy-back ("buy-back") of fully paid-up equity shares of the face value of Rs 2/- each ("Equity Shares") not exceeding 2,20,00,000 equity shares ("maximum Offer Shares") and a minimum number of 55,00,000 Equity Shares ("minimum Offer Shares"), from the existing owners of Equity Shares other than the persons in Control at a price not exceeding Rs 600 per Equity Shares ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs 1,100 crore ("Maximum Offer Size"). The maximum Offer Size represents 9.80% of the aggregate of the Company's total paid-up equity capital and free reserves as on March 31, 2008 (the date of the latest standalone audited accounts)RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-57748346827119011432008-10-07T10:00:00.000+05:302008-10-07T10:01:15.815+05:30Jaipan Industries -Bonus IssueJaipan Industries Ltd has informed the market that the Board of Directors of the Company at its meeting held on October 06, 2008, inter alia, has approved the followings:<br /><br />1. Issue of Bonus shares in the ratio of one Equity share for every Two Equity Shares held.<br /><br />2. Issue of Global Depository / American Depository Receipts, Foreign Currency Convertible Bonds for an aggregate amount up to USD 25 million in one or more tranches subject to the approval of Shareholders and other concerned authoritiesRadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-86241835555446028542008-10-06T10:16:00.001+05:302008-10-06T10:22:04.591+05:30Equity Market News- 6th October 2008<ul><li><span style=";font-family:Arial;font-size:85%;" >TCS close to buying Citi’s BPO arm for $ 550 million -ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >L&T Capital buys 4.2% stake in Kalindee rail - ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Allahabad <a id="KonaLink0" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >Bank</span></span></a> defers rights issue - BL</span></li><li><span style=";font-family:Arial;font-size:85%;" >Hindalco promoters forgo warrant conversion, may subscribe to additional shares in rights issue – BS</span></li><li><span style="font-weight: bold; font-family: arial;font-family:Arial;font-size:85%;" ><a id="KonaLink1" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com%3e%3cspan%20style=/"><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;">Finance</span></a></span><span style="font-family: arial; font-weight: bold;font-size:85%;" > Minister hardened its stance against trade <a id="KonaLink2" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;"><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;">deal</span></span></a> with Mauritius, feels Mauritius must find solution to double tax treaty misuse – BS</span><br /></li><li><span style=";font-family:Arial;font-size:85%;" >Cairn <span style="font-size:85%;">India’s Ravva oilfield enters declining phase in July-September quarter-BL</span></span> </li><li><span style=";font-family:Arial;font-size:85%;" >Essar Construction to take up pipeline projects on EPC basis - BL</span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-71811665080166256122008-10-06T10:15:00.000+05:302008-10-06T10:16:28.369+05:30Sybly Industries - Stock SplitSybly Industries Ltd has informed the market that the Board of Directors of the Company at its meeting held on October 04, 2008, inter alia, has taken the following decisions:<br /><br />1. To split the Equity shares of the Company from face value of Rs 10/- (Rs Ten) per share to Rs 1/- (Rs One) per share subject to the approval of the shareholders.<br /><br />2. An Extra Ordinary General Meeting has been convened on November 05, 2008 to take approval of the shareholders.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-83392165947591895112008-10-03T09:42:00.002+05:302008-10-05T11:14:01.519+05:30Equity Market News- 3th October 2008<ul><li><span style=";font-family:Arial;font-size:85%;" >ICICI <a id="KonaLink0" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com/"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="border-bottom: 1px solid rgb(0, 0, 255); color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >Bank</span></span></a>, Kotak Mahindra considering 100bps hike in loan rates, HDFC to stay put for now - ET</span></li><li><span style=";font-family:Arial;font-size:85%;" >Steel Cos plan output cut on falling demand, costlier ore - ET </span></li><li><span style=";font-family:Arial;font-size:85%;" > </span><br /></li><li><span style=";font-family:Arial;font-size:85%;" >DLF plans to sell stake in DLF Utilities, SPV to raise USD 1.25 billion - DNA </span></li><li><span style=";font-family:Arial;font-size:85%;" > </span><span style="font-family:Arial;"><span style="font-size:85%;">Provogue plans Rs 90 cr expansion, to expand to tier 2 cities - ET </span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">SpiceCom has lost nearly 1 m subscribers post Idea takeover - ET </span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">Sun Pharma to extend Taro offer which expires today - ET </span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">Daimler to retain its 6.64% stake in Tata Motors - ET </span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">NBFC’s borrowing at never before rates in <a id="KonaLink2" target="_top" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://radialequity.blogspot.com"><span style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" ><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >money </span><span class="kLink" style="color: rgb(0, 0, 255) ! important; font-weight: 400; position: static;font-family:Arial;font-size:13;" >market</span></span></a> to keep afloat, paying 1000-1800 bps above Mibor - ET</span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">Developers waiving rents, ready to pay retailers to set up shops in malls as demand falls - BS </span></span></li><li><span style="font-family:Arial;"><span style="font-size:85%;"> </span></span><br /></li><li><span style="font-family:Arial;"><span style="font-size:85%;">L&T in talks with Areva, GE for N venture - HT </span></span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-36205065884392679122008-10-03T09:40:00.000+05:302008-10-03T09:42:24.050+05:30Time Technoplast -Stock Split Record DateTime Technoplast Ltd has informed the market that November 06, 2008 has been fixed as the Record Date for the purpose of sub-division / stock split of Rs 10/- per share of the Company into 10 shares of Re 1/- each.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-85766306024630222482008-09-29T08:50:00.002+05:302008-09-29T08:54:53.812+05:30Equity Market News- 29th September 2008<ul><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">nfosys may top HCL bid with 720p offer – ET </span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">RIL promoter’s warrant conversion starts next week, RIL’s paid up capital to increase by 8.6%, Promoters holding to go up to 55% post conversion - ET</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">Spain’s Inditex may shun DLF in favour of Tata for Indian foray –ET</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">Finmin rejects proposal to consider FII stake outside FDI limit – ET</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">RIL may get <a href="http://www.radialequity.blogspot.com" class="kLink" target="_top" id="KonaLink1" style="position: static; color: rgb(0, 0, 255) !important; text-decoration: underline; cursor: pointer; font-family: verdana; border-top-width: 0px !important; border-right-width: 0px !important; border-bottom-width: 0px !important; border-left-width: 0px !important; border-top-style: none !important; border-right-style: none !important; border-bottom-style: none !important; border-left-style: none !important; border-top-color: transparent !important; border-right-color: transparent !important; border-bottom-color: transparent !important; border-left-color: transparent !important; background-image: none !important; background-repeat: initial !important; background-attachment: initial !important; -webkit-background-clip: initial !important; -webkit-background-origin: initial !important; background-color: transparent !important; margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px !important; padding-right: 0px !important; padding-bottom: 0px !important; padding-left: 0px !important; text-transform: none !important; display: inline !important; font-variant: normal; top: 0px; right: 0px; bottom: 0px; left: 0px; background-position: initial initial !important; "><span style="color: rgb(0, 0, 255) !important; font-family: arial; font-weight: normal; font-size: 13px; position: static; color:#0000ff;"><span class="kLink" style="font-family: arial; font-weight: normal; font-size: 13px; position: static; border-top-width: 0px !important; border-top-style: none !important; border-top-color: initial !important; border-left-width: 0px !important; border-left-style: none !important; border-left-color: initial !important; border-right-width: 0px !important; border-right-style: none !important; border-right-color: initial !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: initial; padding-top: 0px !important; padding-right: 0px !important; padding-bottom: 1px !important; padding-left: 0px !important; color: rgb(0, 0, 255); background-image: none; background-repeat: initial; background-attachment: initial; -webkit-background-clip: initial; -webkit-background-origin: initial; background-color: transparent; width: auto !important; float: none !important; display: inline !important; background-position: initial initial; ">tax </span><span class="kLink" style="font-family: arial; font-weight: normal; font-size: 13px; position: static; border-top-width: 0px !important; border-top-style: none !important; border-top-color: initial !important; border-left-width: 0px !important; border-left-style: none !important; border-left-color: initial !important; border-right-width: 0px !important; border-right-style: none !important; border-right-color: initial !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: initial; padding-top: 0px !important; padding-right: 0px !important; padding-bottom: 1px !important; padding-left: 0px !important; color: rgb(0, 0, 255); background-image: none; background-repeat: initial; background-attachment: initial; -webkit-background-clip: initial; -webkit-background-origin: initial; background-color: transparent; width: auto !important; float: none !important; display: inline !important; background-position: initial initial; ">break</span></span></a> on diesel – BS</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">Roche files 2 petitions against Cipla copycat drug – BS</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">Govt mulls FDI in milti-brand retail – BS</span><br /></li><li><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: arial; font-size: 13px; line-height: 17px; ">SemIndia will not purse plans for $3bn semiconductor chip unit – DNA</span><br /></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-31241078543784287962008-09-29T08:45:00.002+05:302008-10-03T09:49:27.856+05:30Suzlon Energy - Rights Issue<span class="Apple-style-span" style="font-family:'times new roman';"><a id="23" onmouseover="hide(786);" style="text-decoration: none;"><span class="Apple-style-span" style=""><span class="Apple-style-span" style=""></span></span></a><a id="23" onmouseover="hide(786);" style="text-decoration: none;"></a><a id="23" onmouseover="hide(786);" style="text-decoration: none;"><span><span><span class="Apple-style-span" style="font-family:arial;">Suzlon Energy Ltd has informed the market that the Board of Directors of the Company at its meeting held on September 27, 2008 has :<br /><br />1. Approved a Rights Issue of equity shares of the Company to a maximum extent of Rs 1800 Crores. The terms and conditions of such rights issue including the rights entitlement ratio, the issue price, record date, etc. would be announced by the Board of Directors in due course.<br /><br />2. Approved execution of Subscription Agreement, Shareholders' Agreement and such other deeds and documents to facilitate IDFC Private Equity to invest in SE Forge Ltd, a wholly owned subsidiary of the Company to an extent of Rs 400 Crores in form of equity shares aggregating to 17.1% of the share capital of the said SE Forge Ltd, pursuant to which the Company's shareholding in the said SE Forge Ltd would stand reduced to 82.9%</span></span></span><table width="780"><tbody><tr><td><table border="0" width="778"><tbody><tr><td><br /></td></tr></tbody></table></td></tr></tbody></table></a><table width="780"><tbody><tr><td><table border="0" width="778"><tbody><tr><td><span class="Apple-style-span" style="font-family:arial;"><br /></span></td></tr></tbody></table></td></tr></tbody></table><span class="Apple-style-span" style="color: rgb(28, 53, 93);font-family:Arial;font-size:11;" ><br /></span></span>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-36745872309726661932008-09-26T11:07:00.000+05:302008-09-26T11:09:42.481+05:30Equity Market News -26th September 2008<ul><li>FII and PN norms set to review, SEBI board meet on October 6 – ET</li><li>RCF plans chemical park, comex to unlock real estate value – BS</li><li>RIL eyes fertilizer foray with SPIC buy, others like Sterlite and PE funds also seen in the race – ToI</li><li>Sundram Multicap loses case against ICICI Bank; HC orders company to pay the bank dues arising out of contract on structured derivatives product – Mint</li><li>Raymond puts its loss making Denim business on the block – BS (It’s a JV with a European company UCO)</li><li>Satyam top brass sell 1.6 lakh shares in last 2 months – DNA</li><li>Sterlite inches close to Asarco takeover – BS</li><li>Century Textile staff (82 employees) are reluctant to take VRS scheme which could delay the groups plan to develop the Worli property – ET</li><li>SAT declines to stop Emami open offer, preliminary hearing on November 18 – BL</li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-63024066273923620382008-09-26T11:06:00.001+05:302008-09-26T11:06:50.103+05:30Ratnamani Metals -Record Date - Stock SplitRatnamani Metals & Tubes Ltd has informed the market that November 14, 2008 has been fixed as the Record Date for the purpose of subdivision of equity shares of Rs 10 each into 5 equity shares of Rs 2/-RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-35271697594245958052008-09-25T11:30:00.000+05:302008-09-25T11:31:13.572+05:30Equity Market News -25th September 2008* NMDC asks government to divest 47% stake in company – HT<br /> * Balaji Telefilms eyes majority stake in 9X – ET<br /> * OVL, Sinopec spar over Canadian company; deal worth $1.4 billion –ET<br /> * Banks put brakes on loan against property on fear of defaults – ET<br /> * Sical looking to sell 26% in Ennore iron ore terminal to MMTC – DNA<br /> * UAE based Masdar acquires stake in Sterling Info’s WinWind for $120 million – DNA<br /> * Anil Ambani sues Mukesh Ambani, New York Times for defamation in Bombay HCRadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-92194276035562430192008-09-25T11:25:00.001+05:302008-09-25T11:25:34.559+05:30Sybly Industries -to consider Stock SplitSybly Industries Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on October 04, 2008, inter alia, to consider and if thought fit to split the face value of the shares of the Company into smaller denominations.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-16307629897677194752008-09-25T11:24:00.001+05:302008-09-25T11:24:38.151+05:30Suzlon Energy Board to consider Rights IssueSuzlon Energy Ltd has informed the market that a meeting of the Board of Directors of the Company will be held on September 27, 2008 to consider the proposal to undertake a rights issue of its equity shares to an extent of Rs 1800 Crores.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-5242620652472951972008-09-25T11:23:00.001+05:302008-09-25T11:23:57.439+05:30Zicom Electronic - Order of Rs 7.50 CroresZicom Electronic Security Systems Ltd has informed the market that the Company has procured an order for supply, installation, commissioning and project management of wireless broadband outdoor surveillance system for Gurgaon on turn key basis for a total cost of Rs 7.50 crores.<br /><br />The formal order in this regard is expected in short timeRadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-65104229678495137712008-09-25T11:20:00.000+05:302008-09-25T11:22:38.822+05:30South Indian Bank - Bonus IssueSouth Indian Bank Ltd has informed the market that October 17, 2008 has been fixed as the Record Date for the purpose of taking out a list of shareholders eligible for issue of bonus shares in the ratio of 1 bonus share for every 4 shares held on that dateRadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-90375060674946840902008-09-24T10:53:00.000+05:302008-09-24T10:54:20.516+05:30Equity Market News -24th September 2008<ul><li><span style="font-family:Arial;font-size:85%;">AIG holding in local companies under cloud; FIPB may seek information on stakes held by AIG in listed companies – ET </span></li><li><span style="font-family:Arial;font-size:85%;">Balaji to start hindi entertainment channel by year end; Pradeep Guja likely to head the business – ET </span></li><li><span style="font-family:Arial;font-size:85%;">Tech Mahindra, TCS eye Flextronics units – ET (Company has put the design service unit in Bangalore on block) </span></li><li><span style="font-family:Arial;font-size:85%;">Ranbaxy drugs in US AIDS programme under scanner –ET </span></li><li><span style="font-family:Arial;font-size:85%;">Government review plans to take FIIs out of FDI sector limits – BS </span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-67266896393765687132008-09-24T10:46:00.000+05:302008-09-24T10:48:08.202+05:30Tayo Rolls - Right IssueTayo Rolls Ltd has informed the market that a meeting of the Committee of Board - Rights Issue of the Company will be held on September 26, 2008, inter alia, to consider the following:<br /><br />1. To consider and approve the swap ratio for the Rights Issue of Equity Shares (not exceeding Rs 60.34 crores).<br /><br />2. To fix the premium per Equity Share for the Rights Issue.<br /><br />3. To fix the record date for ascertaining the names of members who will be entitled to the Equity Shares issued pursuant to the Rights Issue.RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-78945904680643185092008-09-23T10:06:00.000+05:302008-09-23T10:08:13.300+05:30Equity Market News-23rd September 2008<ul><li><span style="font-family:Arial;font-size:85%;">Canadian regulator now issues notice to Ranbaxy, company's 2 units under scrutiny - Mint</span></li><li><span style="font-family:Arial;font-size:85%;">Tata Motors to roll out 3 Nano variants next month - ET </span></li><li><span style="font-family:Arial;font-size:85%;">SBI says no plans to purchase Lehman's India assets: PTI</span></li><li><span style="font-family:Arial;font-size:85%;">Sterlite Technologies in talks to acquire UK based Brand-Rex for $55 million - ET </span></li><li><span style="font-family:Arial;font-size:85%;">Reliance Infra pulls out of Jaipur project to develop 143 km - BS </span></li><li><span style="font-family:Arial;font-size:85%;">Karuturi Global to sell 15% stake in Dubai arm to raise $100 million - BS </span></li><li><span style="font-family:Arial;font-size:85%;">UK based Hedge Fund Children's Investment Fund planning legal action against Vedanta for its recent restructuring in India - ET</span></li><li><span style="font-family:Arial;font-size:85%;">Bharti gives Akhil Gupta stake in tower company - ET </span></li><li><span style="font-family:Arial;font-size:85%;">Balaji Tele signs exclusive content production deal with Sun Network - BS </span></li></ul>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.comtag:blogger.com,1999:blog-8365363699027850494.post-64624360597207328222008-09-23T10:05:00.002+05:302008-09-23T10:06:22.105+05:30Roto Pumps Secures Order<div style="text-align: left;">Roto Pumps Ltd has informed the market that the Company have bagged a major Order valuing Rs 360.00 lacs from Larsen & Toubro Ltd for Rajasthan Northern Area Development Project of Cairn Energy India Pvt Ltd. Larsen & Toubro Ltd is the contractor for this project and the project is certified for deemed export benefits. This order is the single largest value order in the history of the Company.<br /><br />The Company have bagged this order against stiff International competition based on its good track record of supplies to Cairn Energy</div>RadialEquityhttp://www.blogger.com/profile/07520414934162314901noreply@blogger.com