Financial Daily from THE HINDU group of publications
Tuesday, Mar 21, 2006
Financial Daily from THE HINDU group of publications Tuesday, Mar 21, 2006 |
|
|
|
|
|
|
|
Markets
-
Preferential Allotments Global Assets Holding makes open offer for GTL Our Bureau
Mumbai , March 20 Global Assets Holding Corporation Pvt Ltd along with "persons acting in concert (PACs)" is making an open offer for up to 20 per cent equity stake in GTL Ltd at Rs 151 a share. The PACs are Finav Securities Pvt Ltd, Makan Investments & Trading Co Pvt Ltd, Safari Mercantile Pvt Ltd and Mr Manoj Tirodkar. The offer is for up to 1.64 crore equity shares of GTL, of face value Rs 10. The offer opens on April 14 and closes on May 30. Last week, GTL announced that Standard Chartered Investments and Loans (India) Ltd acquired 16.06 per cent of the total share capital of GTL on March 10. Standard Chartered Investments is a non-banking financial company, set up as a 100 per cent subsidiary by StanChart in 2004. GTL Ltd also informed the exchanges that Global Assets Holding Corporation Pvt Ltd (formerly GECS Holdings Pvt Ltd) had acquired 18.5 lakhshares or 2.2532 per cent of the total issued capital of GTL on March 13. The mode of acquisition is through `Purchase, Open Market' and the shareholding of Global Assets Holding Corporation Pvt Ltd after the acquisition is 13.8148 per cent of the total share capital of GTL. The GTL stock gained by Rs 7.90 today, closing at Rs 147.55.
More Stories on : Preferential Allotments | Software
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|