The Hindu Business Line : Wednesday, June 18, 2003

L&T goes for demerger — Grasim to get control of new cement co
THE prolonged uncertainty with respect to the Larsen & Toubro-Grasim issue ended today, with the two companies agreeing to a complex deal whereby Grasim Industries will acquire controlling stake in the cement business of L&T. To this end, the ... More

Culmination of overall cement consolidation
FOR Grasim Industries, the demerger of the Larsen and Toubro's (L& T) cement business into a new cement company is working out more or less in line with its favoured script. This cement demerger has two key implications for the cement ... More

`Positive development for industry'
STOCK market analysts tracking the cement industry as well as officials of rival cement companies welcomed the Grasim-L&T deal as one of the best that could have been conceived of in the current circumstances. "This will lead to consolidation ... More

Large upside unlikely for L&T shareholders
FOR the shareholders of Larsen & Toubro, large upside to the stock price appears unlikely. At Rs 240 per share, the value unlocked by the deal appears to have been almost fully captured. If these shares are valued as per the terms of the ... More

Global rise, FII buying lift Sensex
STRONG recovery in the global equity markets on Monday brought back more interest in the domestic equities with the key stock indices touching a 13-month high today due to active buying in technology and old economy stocks. The sharp rise in ... More

Govt to retain part of Maruti oversubscription
THE Union Government is set to exercise the green-shoe option in Maruti Udyog Ltd (MUL) in the face of overwhelming response to the initial public offering (IPO) in the country's largest carmaker, in which Japan's Suzuki Motor Corporation (SMC) ... More

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