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June 6 (Bloomberg) — The following is a list of public share sales by Indian companies and those set to take place in the next 12 months:
*LOTUS EYE CARE HOSPITAL LTD.
*AVON WEIGHING SYSTEMS LTD.
*FIRST WINNER INDUSTRIES LTD.
*SEJAL ARCHITECTURAL GLASS LTD.
CLOSED ISSUE *NIRAJ CEMENT STRUCTURALS LTD.
*BAFNA PHARMACEUTICALS LTD.
*SVPCL LTD.
PROPOSED ISSUES *GODREJ PROPERTIES LTD.
*TRIVENI INFRASTRUCTURE DEVELOPMENT COMPANY LTD.
*ADANI POWER LTD.
*AJANTA MANUFACTURING LTD.
*RITES LTD.
*BHARAT OMAN REFINERIES LTD.
*FUTURE VENTURES INDIA LTD.
*MULTI COMMODITY EXCHANGE OF INDIA LTD.
*PIPAVAV SHIPYARD LTD.
*RELIANCE INFRATEL LTD.
*COX & KINGS (INDIA) LTD.
*JSW ENERGY LTD.
*UTI ASSET MANAGEMENT COMPANY LTD.
*JAIPRAKASH POWER VENTURES LTD.
*OIL INDIA LTD.
*MAHINDRA HOLIDAYS & RESORTS INDIA LTD.
*ACME TELE POWER LTD.
*TECPRO SYSTEMS LTD.
*YBRANT TECHNOLOGIES LTD.
*BRAHMAPUTRA CONSORTIUM LTD.
*NATIONAL HYDROELECTRIC POWER CORP.
*MAN INFRACONSTRUCTION LTD.
Source Bloomberg
Archive for June 6th, 2008
List of IPO in next 12 months
Posted by Yogesh on Friday, 6 June, 2008
Posted in Intial Public Offering | Tagged: Avon, Lotus Eye, Sejal | 1 Comment »
Sahara India Wins Reprieve From Central Bank’s Ban
Posted by Yogesh on Friday, 6 June, 2008
June 6 (Bloomberg) — Sahara India Financial Corp., the nation’s largest finance firm by deposits, won temporary reprieve from an Indian court on the central bank’s order barring it from accepting more funds.
“The complete order has been stayed till the last week of July,” Prashant Chandra, a lawyer for Sahara India, said by telephone today. The order was passed by the Lucknow bench of the Allahabad High Court. Read the rest of this entry »
Posted in Corporate News | Tagged: Sahara | Leave a Comment »
Inflation Jumps to 8.24%; Fastest Since 2004
Posted by Yogesh on Friday, 6 June, 2008
June 6 (Bloomberg) — Inflation jumped to 8.24 percent, the fastest since August 2004, adding pressure on the central bank to raise interest rates.
Wholesale-price gains accelerated for a seventh straight week through May 24, after increasing 8.1 percent in the previous week, the commerce ministry said in a statement in New Delhi today. Analysts had forecast inflation at 8.29 percent. Read the rest of this entry »
Posted in Indian Economy | Tagged: Inflation | Leave a Comment »
Reliance says fire broke out at petchem unit
Posted by Yogesh on Friday, 6 June, 2008
NEW DELHI, June 6 (Reuters) – Reliance Industries Ltd (RELI.BO: Quote, Profile, Research) said on Friday a fire had broken out during a maintenance shutdown at a unit in its petrochemical plant at Nagothane in western India, killing four people.
“Fire broke out at 11:20 a.m in our LLDPE unit. The unit was under routine maintenance shutdown since last two days”, a Reliance spokesman said.
He said four workers have died. The capacity of the unit was not immediately known. Source Reuters
Posted in Corporate News | Tagged: Reliance Industries | Leave a Comment »
Fire shuts fertiliser plant of Aditya Birla
Posted by Yogesh on Friday, 6 June, 2008
MUMBAI, June 6 (Reuters) – Aditya Birla Nuvo Ltd (ABRL.BO: Quote, Profile, Research) said on Friday it has shut its fertiliser plant in north India due to a fire in a gas compressor turbine.
The diversified firm, with interests in textiles, financial services, telecoms and chemicals, said in a statement it was assessing the damage and preliminary inspections had revealed a restart would be possible in two weeks. Source Reuters
Posted in Corporate News | Tagged: Aditya Birla | Leave a Comment »
Anil Ambani group eyeing SpiceJet
Posted by Yogesh on Friday, 6 June, 2008
MUMBAI, June 6 (Reuters) – Anil Dhirubhai Ambani group (ADAG) has begun talks to buy low-cost carrier SpiceJet (SPJT.BO: Quote, Profile, Research), the Mint daily reported on Friday, without attributing any source.
Kingfisher Airlines and Jet Airways Ltd (JET.BO: Quote, Profile, Research) are also in the race to buy SpiceJet, which is looking to raise funds, the newspaper said. Read the rest of this entry »
Posted in Corporate News | Tagged: Reliance ADAG | Leave a Comment »
Sevan Marine says to be awarded $569 million drilling contract by ONGC
Posted by Yogesh on Friday, 6 June, 2008
OSLO (Thomson Financial) – Sevan Marine ASA said it expects to be awarded a three-year drilling contract by India’s Oil and Natural Gas Corporation (ONGC), worth $569 million.
While a letter of intent is still to be signed, Sevan said Indian state oil and gas firm ONGC has informed it that has won the recent contract bidding process. Source CNBC
Posted in Corporate News | Tagged: Contract, ONGC, Sevan Marine | Leave a Comment »
State Bank of India, Societe Generale sign jv for custody services
Posted by Yogesh on Friday, 6 June, 2008
MUMBAI (Thomson Financial) – State Bank of India Ltd. said it signed a joint venture agreement on Thursday with Societe Generale Group unit Societe Generale Securities Services to offer custody and related services in India.
The country’s largest lender said it will hold 65 percent of the new venture and Societe Generale Securities Services will have the remaining 35 percent stake. Read the rest of this entry »
Posted in Corporate News | Tagged: SBI, Societe Generale | Leave a Comment »
Punj Lloyd wins 6.49 bln rupee refinery upgrade contract from IOC
Posted by Yogesh on Friday, 6 June, 2008
MUMBAI (Thomson Financial) – India’s Punj Lloyd Ltd. said it has won a 6.49 billion rupee contract to help upgrade Indian Oil Corp. Ltd.’s (IOC) Barauni refinery.
In a regulatory filing, the company said the turnkey contract — towards improving quality of the refinery’s motor spirit (gasoline) to meet Euro-III norms — entails engineering, procurement and construction services.
It is scheduled to be commissioned within 23 months. Source CNBC
Posted in Corporate News | Tagged: Contract, IOC, Punj Lloyd | Leave a Comment »
Essar Steel considers raising bid for Esmark
Posted by Yogesh on Friday, 6 June, 2008
NEW YORK – Essar Steel Holdings Ltd. said Friday it is considering increasing its $17-per-share bid for steelmaker and distributor Esmark Inc.
Essar said it would consider making an increased offer for Esmark after obtaining more information from the Wheeling, W.Va.-based company. Read the rest of this entry »
Posted in Corporate News | Tagged: Esmark, Essar Steel | Leave a Comment »
