Business Daily from THE HINDU group of publications
Tuesday, Jul 15, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 15, 2008 ePaper | Mobile/PDA Version | Audio |
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Markets
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Announcements Our Bureau Coimbatore, July 14 With reference to reports about AV Birla planning to enter broking with Rs 280-cr ASCIL buy, Apollo Sindhoori Capital Investments Ltd (ASCIL) has clarified that the Board of Directors at their meeting held on October 29, 2007 proposed to bring in additional investment either through strategic/financial investor. Towards this the company is in discussion with potential strategic/financial investors including AV Birla. As of now, the company has not firmed up any plans and no agreement has been reached. Motilal Oswal Financial Services Ltd has fixed August 1 as the record date for the purpose of sub-division of equity shares of the company from Rs 5 per share to Re 1 per share. Power Grid Corporation Of India Ltd has informed that the Power Grid Board has granted in-principle approval for setting up a wholly-owned subsidiary company of Power Grid responsible for independent power system operation. This is in line with the advice of GOI on the arrangement of the operation of national and regional load dispatch centres received by Power Grid. SRF Ltd has, through one of its international subsidiaries, entered into an agreement for acquisition of the belting fabrics business of Industex Technical Textiles (Pty) Ltd, a South African company. The business unit has an annual production capacity of approximately 3500 tonnes of belting fabrics with annual sales of around Rs 68.80 crore. This acquisition will cost SRF approximately Rs 20 crore including working capital. TTK Healthcare Ltd has said the Board of Directors on July 25 will consider the buy back of equity shares of the company. More Stories on : Announcements
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