Corporate News

Coimbatore | Updated on January 20, 2011

Aqua Logistics Ltd's board of directors has decided to withdraw the proposed GDR issue because of the volatility in Indian markets and as the minimum issue price (as determined by the board meeting held on November 25, 2010) was much higher than the current share price. The board would meet at appropriate time in the coming weeks to reconsider the opening of the GDR issue and other terms and conditions associated with the issue.

Birla Corporation Ltd has signed a memorandum of understanding with the Assam Government at Guwahati today to set up a one-million tonne greenfield cement plant at Umrangsu at the North Cachar Hills district at a cost of Rs 450 crore through a joint venture company.

Published on January 20, 2011

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