Financial Daily from THE HINDU group of publications
Saturday, April 01, 2006
Markets (March 31)
BSE Sensex11279.96(-27.08)
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US Dollar (Buy/Sell)44.64 (-0.09)


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CORPORATE

CORPORATE DISPUTES


HPL: Bengal to fix price above Rs 28.80 a share
To make `give or take' option to the Chatterjee Group More

MODERNISATION


Lokesh Machines to expand
Plans to tap capital market to fund expansion More

ANNOUNCEMENTS


Maharashtra Scooters: No more geared vehicles
Maharashtra Scooters today informed the BSE that it has completed production of CBU scooters from available CKD (completely knocked down) packs. The company also said that it would cease production of geared scooters form April 2006 since CKD ... More

PREFERENTIAL ALLOTMENTS


Khaitan Electricals allots pref shares
Rs 6 crore to fund its ongoing expansion programme More

BPL to raise authorised captial
BPL Ltd has informed the Bombay Stock Exchange today that it would be increasing its authorised capital to Rs 250 crore. At its extraordinary general meeting on Wednesday, the company approved the increase through issuance of ... More

OVERSEAS BORROWINGS


Norms eased for unlisted cos raising money from overseas markets
The Government has eased the domestic listing rule for unlisted companies that raised money from overseas markets through foreign currency convertible bonds (FCCBs), American depository receipts/global depository receipts (GDRs) issued in terms ... More

Man Industries raises $35 m
Man Industries (India) Ltd, manufacturer of SAW Pipes and Coating system, had recently raised $35 million through a GDR offering at Dubai International Financial Exchange. The GDR offering was subscribed over two times. The issue ... More

AWARDS & HONOURS


`Wealth must be shared through community service'
There's pride in becoming a wealthy country... and when wealth is created, it must be shared. That in turn is done through community service, said the Finance Minister, Mr P. Chidambaram, here on Friday. Speaking at the Lakshmipat ... More

CORPORATE BONDS


REL converts warrants
Reliance Energy Ltd (REL) has informed stock exchanges on Friday that the committee of Directors of the company at its meeting held today has allotted 1,04,16,000 equity shares of Rs 10 each for cash at a price of Rs 573 per share to the ... More

Pennar Ind converts warrants
Pennar Industries Ltd has informed the stock exchanges that the share allotment committee of its board of directors at a meeting held on Wednesday has issued and allotted 72.5 lakh equity shares of Rs 5 each at a premium of Rs ... More

RESTRUCTURING


UB Holdings transfers equity in Aventis to subsidiary
UB Holdings has transferred its equity in Aventis Pharma to Variegate Trading Ltd, a wholly owned subsidiary of UB Holdings. In a block deal on Friday, UB Holdings sold 9.98 per cent of its equity-shares in Aventis Pharma to Variegate Trading ... More

Aurobindo members okay unit sale
The shareholders of Aurobindo Pharma Ltd have approved the company's proposal to sell / dispose of the unit situated at Jinnaram Mandal in Medak district of Andhra Pradesh through postal ballot, the company informed the stock ... More

MERGERS & ACQUISITIONS


Zee Tele to pick 60% in Venus group cos
Zee Telefilms Ltd (ZTL) has agreed, in-principle, to acquire 60 per cent stake in Venus Films Pvt Ltd, Venus Records & Tapes Pvt Ltd. This acquisition is subject to due diligence and final approval from the board of directors of ZTL. ... More

Viceroy Hotels merger plan
Viceroy Hotels Ltd has informed the stock exchanges that its board of directors, at its meeting held on Friday, approved the draft scheme of amalgamation of the company and other promoter group companies. The shareholding of ... More

Adlabs issue to Reliance Land
Adlabs Films Ltd has informed the BSE that the committee of Directors of the company at a on March 31, 2006 allotted 38 lakh equity shares of Rs 5 each for cash at Rs 175.20 a share to the promoters, Reliance Land Pvt Ltd. The ... More

NEW PROJECTS


US pumps maker to set up plant in Chennai
Aims at sales of $5 million in 2009 More

Raymond commissions suiting unit in Vapi
Phase I project to cost Rs 120 cr More

RPL tying up funds for refinery project
Reliance Petroleum Ltd (RPL), which is setting up a Rs 27,000 crore greenfield petroleum refinery and polypropylene plant in a special economic zone in Jamnagar, has entered into a preliminary agreement with banks and financial institutes to ... More

TN Water Investment Co to expand expertise
Tamil Nadu Water Investment Company, a joint venture promoted by IL&FS and the Tamil Nadu Government, is expanding its in-house expertise in water related projects - an area in which it sees major growth in the coming years. According to ... More

OVERSEAS INVESTMENTS


Videocon-GAIL group bags Oman contract
To initially invest Rs 250 cr for oil exploration More

ALLIANCES & JOINT VENTURES


NTPC signs pact with Petronet LNG
NTPC Ltd has signed a memorandum of understanding with Petronet LNG Ltd for arranging liquefied natural gas for its stations. The LNG would be used to overcome shortage of gas at the existing gas power stations of the company, it ... More

IPOS


Usher Agro IPO offers safety net to small investors
Usher Agro Ltd, an agri-processing company, in its draft prospectus filed with SEBI, has offered retail investors a safety net scheme through IDBI Capital Market Services Ltd, which is the sole lead manager for the company's public issue. As ... More

DIVERSIFICATION


BEML enters new areas
Restructures 3 core business, spins off tech unit More

OUTLOOK


Eastern Coalfields may post Rs 360-cr profit
Future still centered on NTPC offtake More

Nalco fixes sales target, inks MoU
The National Aluminium Company Ltd (Nalco) has fixed a gross sales target of Rs 5,000 crore and gross margin of Rs 2,200 crore for 2006-2007, projecting more than 100 per cent capacity utilisation of mines, refinery and smelter ... More

NHPC aims for 22 pc growth in sales
National Hydroelectric Power Corporation (NHPC) has set a target of 22 per cent year-on-year increase in sales to Rs 2,118 crore in 2006-07. In a memorandum of understanding signed with the Power Ministry, the company has set a goal of generating ... More

PERFORMANCE


Midhani sales, profit up
Mishra Dhatu Nigam Ltd (Midhani) has achieved an all-time high sales turnover of Rs 151.4 crore and cash profit of Rs 13.8 crore for the financial year 2005-06. The defence public sector undertaking also has an order book valued ... More

HPCL Visakh refinery achieves target
HPCL Visakh refinery has exceeded its installed capacity of 7.5 million tonnes per annum for the third consecutive year, according to a press release issued here on Friday. The refinery is undertaking a major project — ... More


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