PREFERENTIAL ALLOTMENTS
Exide Ind finalises pref issue to Mauritius firm
EXIDE Industries of the Rahejas has finalised private placement of its proposed preferential issue of 37,79,324 fresh equity shares of Rs 10 each to Aranda Investments (Mauritius) Pte Ltd at Rs 153 per share. The issue will have a one-year ... More

OVERSEAS BORROWINGS
Infosys gets shareholders' nod for second ADS issue
INFOSYS Technologies got shareholders' approval for its second sponsored American Depository Share (ADS) issue on Saturday amidst reservations by some small investors. The company plans to convert up to 1.6 crore Indian shares into American ... More

MERGERS & ACQUISITIONS
Chinese firm to buy majority stake in Indiagames
TOM Online Inc, China's leading wireless Internet company, has signed a definitive agreement to acquire a majority stake in Indiagames Ltd (`Indiagames'), a wireless game developer and global publisher of mobile entertainment content based in ... More

ALLIANCES & JOINT VENTURES
HAL embarking on tie-ups with global aviation majors
HINDUSTAN Aeronautics Ltd's new Chairman on Saturday said the company is embarking on partnerships within and outside the country, one to expand its global reach and the other to improve its delivery efficiencies. The Rs 3,800-crore defence ... More

OUTLOOK
Mill development programme — TNPL may achieve financial closure by next month
TAMIL Nadu Newsprint and Papers Ltd (TNPL) hopes to achieve financial closure for its Rs 565-crore mill development programme by mid-January, according to sources in the know. It is also planning investments on expanding its branded products ... More

PEOPLE
LG Electronics India MD Kim elevated
AFTER having spent seven successful years as Managing Director of LG Electronics India, Mr K.R. Kim has been elevated to the position of President, South West Asia, LG Electronics. In this capacity, Mr Kim will be responsible for overall ... More