The Hindu Business Line : Friday, March 31, 2006

Mittal takes stake in Indiabulls Credit
NRI steel magnate Mr L.N. Mittal's company has picked up an eight per cent stake in Indiabulls Credit for around Rs 90 crore. Mittal-promoted LNM India Internet Ventures Ltd (LNMIIVL) will acquire 8.2 per cent stake in Indiabulls Credit Services ... More

Myanmar okays GAIL plan to buy stake in A-3 Block
The Government of Myanmar has approved a plan by GAIL India (Ltd) to own a 10 per cent stake in an offshore gas and oil project called the A-3 Block, the company said in a statement on Thursday. GAIL will buy the stake from South Korea's ... More

ANNOUNCEMENTS

Kamdhenu Ispat to set up 5 stockyards
The Delhi-based construction steel manufacturer Kamdhenu Ispat Ltd, which is hitting the market on Monday with its maiden issue of 1.28 lakh equity shares, would be utilising the proceeds to set up stockyards across the country. "The company ... More

Pennar assets in Hindalco custody
Pennar Aluminium Company Ltd has announced that Hindalco has taken custody of its assets through sale of entire property by the Asset Reconstruction Company (India) Ltd (ARCIL). The company informed the stock exchanges that ARCIL ... More

PREFERENTIAL ALLOTMENTS

Sterlite Optical share allotment
Sterlite Optical Technologies Ltd has informed the Bombay Stock exchange that the committee of directors constituted for preferential allotment, at its meeting held on March 29, has allotted equity shares and warrants to Twinstar ... More

Mumbai co set to buy Nagarjuna Agri Tech
Subhkam Group of Mumbai, promoted by Mr Rakesh S. Kathotia, is all set to acquire controlling stake in Nagarjuna Agri Tech Ltd (NATL), part of the Hyderabad-based Nagarjuna Group with diversified interests in fertilisers, pesticides, ... More

IPR

Glaxo's patent on AIDS drug opposed
Lawyers' Collective cites technical, health grounds More

RESTRUCTURING

Zee announces share swap ratio
Zee Telefilms Ltd (ZTL) announced that Zee News Ltd would allot 137 shares for every 100 held in ZTL. The company had announced a restructuring plan on Wednesday, wherein four listed entities would be created. Apart from ZTL, Zee News, Wire ... More

NEW PROJECTS

Advinus set for Rs 22-cr expansion in Bangalore
Scouting for land for second facility More

IOC flags off petrochem complex at Paradip
Indian Oil Corporation (IOC) has flagged off a 15-million tonnes per annum (MTPA) grassroots refinery-cum-petrochemicals project at Paradip in Orissa. The project, besides the 15-MTPA refinery, consists of facilities for production of ... More

Indoco Remedies to kick off 2 projects in April
Scouts for acquisition opportunities in Europe More

OUTLOOK

STC sees 33 pc rise in turnover
State Trading Corporation of India Ltd (STC) has signed a memorandum of understanding with the Ministry of Commerce for 2006-07. Dr Arvind Pandalai, STC Chairman and Managing Director, and Mr S.N. Menon, Commerce Secretary, on behalf of the ... More

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