The Hindu Business Line : Sunday, August 31, 2003

CESC to allot more shares to management group
THE RPG-controlled CESC Ltd plans to allot additional equity shares not exceeding 33 lakh shares to the management group and its associates. This is proposed to be done in conformity with the suggestions made by the company's term lenders. A ... More

INSIGHT

Demergers: Dividing to multiply
AFTER the drive down the mergers and acquisitions avenue, India Inc has turned into the road of de-mergers as it speeds towards corporate restructuring. Be it the Birla group's decision to break up Indo Gulf ... More

When to spin off the profits
HOW can investors in the stock of a company benefit from a de-merger situation? For long-term investors, there is no rule of thumb that can be applied across all de-merger situations. There are wide divergences in ... More

Delisted companies and minority shareholders — Using 100 for 100
The use of Section 100 to buy out minority shareholders, legal as it is, raises some questions of propriety and procedure. More

MERGERS & ACQUISITIONS

Lanco Infratech ups stake in LGSL
HYDERABAD: Lanco Infratech Ltd (LITL), a part of the Hyderabad-based Lanco group, has informed the stock exchanges that it has acquired 2.5-lakh equity shares of Lanco Global Systems Ltd (LGSL), another group company, representing 2.35 per ... More

SICK UNITS

Kerala plans consortium of coop banks to take over FACT
THE Kerala Government is planning to set up a consortium of cooperative banks led by the State cooperative bank to mobilise funds for taking over the ailing central PSU, Fertilisers and Chemicals Travancore Ltd (FACT) in the cooperative ... More

PERFORMANCE

Maruti crosses 3-lakh units in exports
MARUTI Udyog Ltd (MUL) on Saturday said that its total exports had crossed three lakh units, driven by the success of the Alto model in the European markets. The landmark was achieved with the latest shipment of 571 Altos to Hungary, MUL said ... More

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