Financial Daily from THE HINDU group of publications
Tuesday, Feb 14, 2006
Financial Daily from THE HINDU group of publications Tuesday, Feb 14, 2006 |
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Markets
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Stocks Corporate - Mergers & Acquisitions Bennett to pick up 6% stake in Sahara India Our Bureau
Mumbai , Feb. 13 SAHARA India Mass Communication Ltd has informed the BSE that its board has approved the plan to issue 11 lakh shares to Bennett Coleman & Company Ltd at Rs 344 per share. It amounts to six per cent, a company official said. The shares would be issued to Bennett Coleman on a preferential basis. The company would get Rs 37.84 crore in lieu of the preferential share allotment. The company has scheduled an extraordinary general meeting on March 8 to accord the consent of shareholders to issue the equity shares to Bennett Coleman.
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