The Hindu Business Line : Tuesday, February 11, 2003

SSI to buy out 27% in Aptech — Rs 24.5-crore all-cash deal for promoters' equity
CHENNAI-BASED software training and services company SSI Ltd on Monday announced that it would buy out the 27.18 per cent promoter shareholding in Aptech Training Ltd, aggregating 49.32 lakh shares, at Rs 49.75 per share in an all-cash deal ... More

No comments: NIIT
NIIT's official spokesperson refused to make any statements on the impact of the SSI-Aptech merger on its operations. The company stated that the total outcome of the move would have its fallout once the whole process of integration is ... More

Price equals cash equivalents per share!
HAS SSI struck a bargain or what? At least, that is what you will think if you go by the balance sheet of Aptech. The price of Rs 49.75 per share at which SSI has acquired the stake of promoters in Aptech is roughly equal to their net current ... More

Tribunal clears road for Bayer to acquire Aventis
THE Securities Appellate Tribunal (SAT) has allowed Bayer CropScience AG to proceed with its plans to acquire the shares of Aventis CropScience through an open offer, but kept the German company's offer price of Rs 157 per share ... More

Govt invites EoIs for HPCL sell-off
THE Union Government on Monday set the ball rolling for privatisation of HPCL by inviting expressions of interest (EoIs) for selling 34.01 per cent of its stake in the company to a strategic partner along with transfer of management ... More

`Team Samsung' ads off as ICC turns on the heat
AFTER all those advertising turf wars over the cricket World Cup, official sponsor LG Electronics may finally have its way. Under pressure, rival Korean consumer electronics major, Samsung India, has decided to stop using the Indian cricketers ... More

Wah! After Steve, it's now Lara for MRF
WHEN Jacques Kallis missed the catch off the first ball that Brian Lara faced in Sunday's South Africa-West Indies match, many hearts at MRF Ltd must have skipped a beat. For the stylish West Indies batsman's willow sported the red MRF logo, ... More