The Hindu Business Line : Sunday, April 23, 2006

Sun Pharma allots equity shares
Sun Pharmaceutical Industries Ltd has informed the BSE that the Committee of Directors at its meeting held on Saturday, has allotted 1,54,291 equity shares of Rs 5 each of the company at a premium of Rs 724.30 per share upon ... More

Axis board proposes Rs 2 final dividend
Axis Capital Markets India Ltd has informed the BSE that the board of directors of the company at its meeting held on April 21, inter alia, proposed a full and final dividend of Rs 2 per share for the previous year ended March 31, 2006. ... More

PREFERENTIAL ALLOTMENTS

Jyoti Structures to issue pref shares
Jyoti Structures Ltd has informed the BSE that the board of directors' meeting, decided to issue 15,50,000 equity shares of Rs 10 each at a premium of Rs 562 per share for cash on preferential basis to Morgan Stanley Investment ... More

Hitech Plast to issue pref shares
Hitech Plast Ltd, manufacturers of rigid plastic packaging, has informed the BSE that the board meeting, has approved the proposal for issue of 13,38,705 equity shares of Rs 10 each at a price of Rs 63 per share (including ... More

OVERSEAS BORROWINGS

Jindal Saw to raise $150 mn
Jindal Saw Ltd, part of the Jindal Group, has informed the BSE that the members at the company's EGM, have inter alia, approved issuance of shares/securities in domestic and international markets up to $150 million excluding ... More

FIXED DEPOSITS

FD Options
Television Eighteen: An investment may be considered in the fixed deposit programme of Television Eighteen. The company offers an FD for one year. The rate is among the higher on offer and appear to be capable of compensating for ... More

MERGERS & ACQUISITIONS

Rajshree Sugars acquires Trident for Rs 62 cr
Acquisition may add not less than Rs 100 cr to company's top line More

THE BIG DEAL
KKR enters India
Spearheading the biggest leveraged buyout deal in India, US private equity firm Kohlberg Kravis and Roberts (KKR) is buying an 85 per cent equity stake in the software development and solutions business of Singapore-based Flextronics ... More

NEW PROJECTS

Maruti's U-turn
There are many factors behind Maruti's recent decision to buy Suzuki's 30 per cent stake in MSAIL and merge it with itself. More

KRL awards storage tanks contract to Bridge & Roof
Project is part of Rs 623-cr single point mooring facility at Puthuvypeen Island More

INTERVIEW

`Metals may be a pleasant surprise in future'
Auto, banking sector may disappoint from a medium-term perspective, says Nilesh Shah More

DIVERSIFICATION

Khaitan Electricals plans to diversify
Khaitan Electricals Ltd (KEL), a manufacturer of air technology products, is on a diversification spree. The company, which recently launched its range of home appliances, now plans to diversify into pumps, miniature circuit breakers and CFL ... More

PERFORMANCE

IOC losing Rs 100 cr a day
Under-recoveries at Rs 1,400 cr in a fortnight; crude prices touch $75 More

SAIL raw materials unit posts record production
During 2005-06, the Raw Materials Division (RMD) of Steel Authority of India Ltd (SAIL) recorded its highest ever production and dispatched 13.46 million tonnes marking a growth of 12.3 per cent. The RMD mines at Kiriburu, Meghatuburu, Bolani, ... More

PEOPLE

Bangur, West Coast Paper MD
West Coast Paper Mills Ltd has informed the BSE that the board meeting on April 20, re-appointed Mr S.K. Bangur, Chairman of the company, as Managing Director for a further period of five years with effect from May 1. ... More

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