Axon bid
-Deadline to rebid expires 29th morning (Today)
-HCL Tech offers 650 pence/share for Axon; approximately 441.1 m pounds
-HCL bid at 8.3% premium to Infosys' offer of 600 pence/Axon share
-Infosys may top HCL bid with 720 pence/share offer – ET
-HCL open to counter Infosys revised bid – Reports
Tata Motors rights issue opens today
Exclusive: -IDFC Private Equity to infuse Rs 400 crore in fresh equity in Suzlon arm SE Forge: Sources -IDFC Private Equity to acquire 17% stake in SE Forge post dilution: Sources
-Alert: SE Forge is 100% arm of Suzlon, manufacturing components for wind turbine
-Deal gives SE Forge equity value of Rs 2,350 crore: Sources
-Deal gives SE Forge enterprise value of $1 billion: Sources
RIL promoter’s warrant conversion starts next week, RIL’s paid up capital to increase by 8.6%, Promoters holding to go up to 55% post conversion - ET
TCS planning to acquire Siemens’s IT solution unit – Reports
Spain’s Inditex may shun DLF in favour of Tata for Indian foray –ET
Finance Ministry rejects proposal to consider FII stake outside FDI limit – ET
Finance Ministry to examine metro project awarded in BoT basis (Hyderabad Metro awarded to Maytas and Mumbai Metro awarded to Reliance Infra)
SpiceJet to receive $65 million second round funding from WS Ross – PTI
RIL may get tax break on diesel – BS
Roche files 2 petitions against Cipla copycat drug – BS
Government mulls FDI in milti-brand retail – BS
Tata Investment Corp rights issue opened on September 27, closes on October 16
Jaguar and Land Rover, JLR plant shut for a week on low demand – Reports
IL&FS Investsmart open offer at Rs 200/sh successful, HSBC now holds 93.86% stake
Valiant Communication buy back offer at maximum Rs 32/sh, opens on October 7
Soma Textiles open offer by Mavi Investment at Rs 39/sh including an interest payment of Rs 5.26/sh
SemIndia will not purse plans for $3 billion semiconductor chip unit – DNA
AV Birla to buy 50% of the proposed rights issue which closes on October 10
Surana Telecom buyback up to 10% equity at maximum price of Rs 50/sh up to Rs 6 crore; to open on September 30.
Sterlite Technologies bags orders worth Rs 254 crore from Power Grid
Tayo Rolls board approves 7:8 rights issue @ Rs 126/sh.
Monday, September 29, 2008
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