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Sunday, October 27, 2002

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SEBI to scrutinise RIL in Grasim open offer issue
RELIANCE Industries Ltd (RIL) may now come under the regulatory scanner for its Larsen & Toubro deal with Grasim Ltd, according to a senior SEBI official. The Executive Director of SEBI, Mr R.M. Joshi, told newspersons here on Saturday that "it ... More

MERGERS & ACQUISITIONS


Polaris-Orbitech swap changed
THE swap ratio in the Polaris Software Lab Ltd and Orbitech Solutions merger has been changed. As per the new agreement announced after Polaris' board meeting here on Saturday, for every 100 shares of Orbitech, 42.65 shares of Polaris will be ... More

SAT pulls up SEBI for lax probe into ACC control
THE Securities Appellate Tribunal (SAT), which has directed SEBI to examine whether Gujarat Ambuja Cement Ltd has gained control of Associated Cement Companies, said that de facto control of a company can exist in many ways and not just by having ... More

ALLIANCES & JOINT VENTURES


Morepen signs pact with Menarini for glucometers
MOREPEN Laboratories Ltd on Saturday signed a marketing joint venture with Italian diagnostics company A Menarini to market the latter's glucometer range under the Dr Morepen umbrella in India. According to a Morepen communiqué, Menarini is ... More

PERFORMANCE


NDDB: From milk & vegetables to interest income
IT was only two years back that the National Dairy Development Board (NDDB) boasted of Rs 1,392.19 crore income, Rs 1,096.97 crore of which came sales of its products. Significantly, from Rs 1,073.69 crore of this came from three units - milk ... More
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