The Hindu Business Line : Friday, June 21, 2002

ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price
THE Dutch financial conglomerate ING group has proposed to buy out 23.99 per cent stake held by the GMR Vasavi group in Vysya Bank Ltd. The acquisition of this stake is expected to vault ING's holding to 43.99 per cent in the bank, the Dutch ... More

SAT sets aside SEBI ban on Videocon, BPL
THE Securities Appellate Tribunal (SAT) has set aside SEBI's orders of 2001 banning Videocon International Ltd and BPL Ltd from accessing the capital markets for alleged price manipulation of their scrips in 1998. The SEBI orders, under ... More

Rs 2-crore fund floor set for reconstruction companies
SECURITISATION or reconstruction companies would be required to maintain a minimum net owned funds (NOF) of Rs 2 crore or an amount not exceeding 15 per cent of the total financial assets acquired or proposed to be acquired by it. The proposed ... More

No stay on Sterlite buyback
THE Bombay High Court on Thursday directed Sterlite Industries (India) Ltd not to cancel until June 27, 2002, shares of those shareholders who have not yet sent the Option Form. The scheme of arrangement of Sterlite to purchase 50 per cent stake ... More

SBI net rises 52% to Rs 2,432 cr — Dividend hiked to 60 pc
STATE Bank of India has recorded a net profit of Rs 2,431.62 crore in 2001-02, marking a growth of 51.57 per cent compared to Rs 1,604.25 crore in 2000-01. The bank has increased its dividend to 60 per cent from 50 per cent. The operating ... More

RBI help sought on automatic route misuse
THE Foreign Investment Promotion Board (FIPB) has written to the Department of Economic Affairs (DEA) to take up the issue of misuse of the automatic approval route by a section of foreign investors with the RBI. The board has directed the ... More

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