Market news

Our Bureau Coimbatore | Updated on January 10, 2011

Artson Engineering Ltd has been awarded a contract by Cairn Energy India Pty Ltd for mechanical works for Bhagyam Field Development Project at Barmer, Rajasthan on-shore oil fields for an estimated cost of Rs 32 crore.

Industrial Investment Trust Ltd has in modification of its earlier proposal for raising funds by way of QIP / rights issue up to a limit of Rs 350 crore has decided to revise the limit from Rs 350 crore to Rs 400 crore and raise the funds by way of QIP / rights issue/ ADR / GDR / Preferential Allotment subject to necessary regulatory approvals.

KPIT Cummins Infosystems Ltd's board of directors has approved the issue of 77,58,621 equity shares of Rs 2 each on preferential basis to Warhol Ltd, Mauritius (an affiliate of Chrys Capital V LLC, Mauritius) at a price not lower than Rs 145/ share for an aggregate consideration of Rs 112,50,00,045.

Published on January 10, 2011

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