Financial Daily from THE HINDU group of publications
Thursday, November 21, 2002
Markets (Nov. 20)
BL 2501053.28 (-3.27)
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Promoter sells shares of Godrej Consumer to FII
GODREJ & Boyce Manufacturing Co Ltd has sold 3.15 per cent stake in Godrej Consumer Products Ltd (GCPL) in the open market, the company said in a statement today. The company, which is the promoter of GCPL, sold 18,23,703 shares but did not ... More

SEBI to look into Grasim delay
THE SEBI Chairman, Mr G.N. Bajpai, today said the capital market regulator will look into the delay by Grasim's merchant banker to inform Larsen & Toubro's shareholders about SEBI's advise to put the open offer on hold. Speaking to newspersons ... More

Tribunal ruling made SEBI stall Grasim open offer
IT is the Securities Appellate Tribunal order in the Gujarat Ambuja-ACC Ltd case that has prompted the Securities and Exchange Board of India to make a pre-emptive move putting on hold Grasim's open offer for 20 per cent stake in L&T, a SEBI ... More

Moody's holds talks with Govt on rating review
OFFICIALS of the global credit rating agency, Moody's Investors Service today held discussions with senior Finance Ministry officials, ahead of the promised upgrade of India's foreign currency rating. Last week, Moody's had said that India's ... More

Fiscal deficit under control: Narayan
WITH key economic indicators including industrial production showing an upturn, the Finance Ministry is optimistic of reining in fiscal deficit at the budgeted level of 5.3 per cent of the gross domestic product (GDP) during the current fiscal. ... More


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