The Hindu Business Line : Sunday, December 04, 2005

ICSA to hike authorised capital
ICSA India Ltd has announced its decision to increase the company's authorised capital of Rs 7.5 crore divided into 75,00,000 equity shares of Rs 10 each to Rs 10 crore divided into 1,00,00,000 equity shares of Rs 10 each. The company board, ... More

Shareholders clear Gulf Oil's preferential offer plans
THE shareholders of Gulf Oil Corporation Ltd at a meeting on Friday approved the issue of 10,00,000 convertible warrants of Rs 505 each on preferential basis aggregating to Rs 50.5 crore to Teck Consultancy and Esquire Pvt Ltd. This follows ... More

CORPORATE DISPUTES

Rieter in talks with LMW to resolve row over plans for new facility
SWISS textile machinery manufacturer Rieter is in talks with its Indian joint venture partner Lakshmi Machine Works (LMW) to settle differences over Rieter's plans to set up a new manufacturing facility in the country. Attempts towards a ... More

OVERSEAS BORROWINGS

Shiv Vani security issue
MUMBAI: Shiv Vani Oil & Gas Exploration Services Ltd has informed stock exchanges that its extraordinary general meeting on November 28 authorised the board to offer, issue and allot securities up to an amount not exceeding $60 million or ... More

MERGERS & ACQUISITIONS

Ruia group plans to open Dunlop factories in 9 months — Looking to invest Rs 150 cr in first phase
THE Kolkata-based Ruia Group has taken over the controlling stake in Dunlop India Ltd, Falcon Tyres and Indian Tyre and Rubber (ITR) from theDubai-based Jumbo group owned by the family of the late M.R. Chhabria. The block deal was sealed for a ... More

Sumitomo sounds on nylon tyre cord unit
ON the heels of its acquisition of Dunlop and Falcon, the Ruia Group has been approached by Sumitomo of Japan for setting up a nylon tyre cord facility in India. Sumitomo owns the Dunlop brand globally except in India. According to the Ruia ... More

Dunlop, Falcon acquisition — Cross-country holdings made it a complex deal, says Ruia
Mr Ruia said a special purpose vehicle was floated by the Ruia Group to acquire a 90 per cent stake of the Singapore-based holding company of DIL Rims and Wheels. More

Dunlop workers at Chennai factory hopeful
WITH the Ruia Group announcing the acquisition of Dunlop India Ltd, workers at the Dunlop factory in Ambattur here hope that the move would mean recommencement of operations. Mr A. Krishnaswamy, President, Dunlop Factory Employees Union, told ... More

BPCL EGM to consider Kochi Refineries merger
MUMBAI: Bharat Petroleum Corporation Ltd (BPCL) has said it will be holding an extraordinary general meeting of its shareholders on January 16, to consider the scheme of merger between the company and Kochi Refineries Ltd (KRL). The ... More

NEW PROJECTS

SAIL to set up iron ore beneficiation plant
STEEL Authority of India Ltd (SAIL) is setting up an iron ore beneficiation plant and along with it a pellet production unit at the captive mines of Bhilai Steel Plant in collaboration with a private party. Both these two units are likely to be ... More

Inox to invest Rs 110 cr for setting up new multiplexes
To fund its expansion plans, Inox Leisure has proposed to enter the capital market with an offer for 1.65-crore equity shares. More

IPOS

Equity market dwarfs banks as India Inc's source of finance
BETWEEN April and October 2005, Indian companies mobilised Rs 51,459 crore through public offers, rights issues and private placements. In contrast, through financial year 2005, Banks lent Rs 42,976 crore to medium and large industries as a ... More

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