Tulsi Tanti says not looking at PE route to raise money for acquiring stake in REPower
Pantaloon retail plans to raise Rs 1500 crore via pref allotment to promoters and retail players – ET (Pantaloon to be slit into 3 different cos, FMCG, retail and fashion seg) – Board meet today for biz restructuring
CVC asks DoT to probe “under reporting” by Airtel
Maruti to launch hybrid cars in next 3-5 yrs
Lotte India delisting offer not exceeding Rs 370/sh ((Co rejected discovered price of Rs 825/sh for delisting last year)) ((CMP Rs 469))
Promoters not to convert warrants worth Rs 4000 crore in AV Birla Nuvo as price drops 60% ( Co had issed 20.5m warrants converted into equity at Rs 1997.45/sh)
Jain Irrigation to park promoter’s holding in trust
BT may ask vendors like Infosys and Tech Mahindra to cut billing rates by 20%
AV Birla in talks with 3i to sell insulator business, earlier had valued the business at Rs 700 crore, co wants to exit non core biz
SBI cuts deposit rates by 25-50 bps for some maturities effective April 13
IDBI Bank cuts BPLR by 50 bps to 13% from April 15
Board meets:
-Pantaloon Retail on issue of shares / convertible warrants, restructuring
-Ucal Fuel on merger of Ucal Machine Tools with itself / preferential allotment
-Softpro Systems results & to mull raising funds / acquisitions
-Strides Arcolab on biz restructuring
-CMC, MRF results
-Electrotherm India on demerger of engineering business
Pantaloon retail plans to raise Rs 1500 crore via pref allotment to promoters and retail players – ET (Pantaloon to be slit into 3 different cos, FMCG, retail and fashion seg) – Board meet today for biz restructuring
CVC asks DoT to probe “under reporting” by Airtel
Maruti to launch hybrid cars in next 3-5 yrs
Lotte India delisting offer not exceeding Rs 370/sh ((Co rejected discovered price of Rs 825/sh for delisting last year)) ((CMP Rs 469))
Promoters not to convert warrants worth Rs 4000 crore in AV Birla Nuvo as price drops 60% ( Co had issed 20.5m warrants converted into equity at Rs 1997.45/sh)
Jain Irrigation to park promoter’s holding in trust
BT may ask vendors like Infosys and Tech Mahindra to cut billing rates by 20%
AV Birla in talks with 3i to sell insulator business, earlier had valued the business at Rs 700 crore, co wants to exit non core biz
SBI cuts deposit rates by 25-50 bps for some maturities effective April 13
IDBI Bank cuts BPLR by 50 bps to 13% from April 15
Board meets:
-Pantaloon Retail on issue of shares / convertible warrants, restructuring
-Ucal Fuel on merger of Ucal Machine Tools with itself / preferential allotment
-Softpro Systems results & to mull raising funds / acquisitions
-Strides Arcolab on biz restructuring
-CMC, MRF results
-Electrotherm India on demerger of engineering business
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