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Infosys
opts for green shoe option in ADS offer
Bangalore: Infosys Technologies Ltd has informed
the BSE that underwriters to the sponsored secondary ADR
offering have exercised the green shoe option to purchase
up to 7,82,000 additional ADS, representing 3,91,000 equity
shares.
Accordingly,
the total sponsored secondary ADR offering would rest
at 60,00,000 American Depository Shares (ADS), representing
30,00,000 equity shares and the total size of offering
is $294 million.
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Tata
Motors issues convertible notes
Mumbai: Tata Motors has written to the BSE that
the company has issued one per cent convertible notes
due in 2008 convertible into ordinary shares or global
depository shares aggregating $100 million (including
over-allotment of $10 million in the international market).
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Sensex
will shine in short term, says FICCI survey
New Delhi: According to a survey on `State of capital
markets' by the Federation of Indian Chambers of Commerce
and Industry, majority of respondents of the poll (almost
94 per cent) felt the BSE Sensex would hover in the range
of 3,000-4,000 points in the next three and six months,
respectively.
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Rain
Calcining stock up
Kolkata: The stock price of calcined petroleum
coke (CPC) maker Rain Calcining was in limelight on Monday.
Dealers said the stock was being accumulated due to rise
in the international aluminium price.
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Tata
Chemicals stock up
Kolkata: Tata Chemicals stock rose and was active
yesterday on major bourses. According to dealers, substantial
investment buying pushed up the stock to hit its 52-week
high.
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SEBI
for rights issue in demat form
Mumbai: The Securities and Exchange Board of India
has proposed rights issue of the companies in electronic
form and also proposed listing such issues on the stock
exchanges for a limited period. Sebi has proposed a series
of such changes by floating a discussion paper on 'Innovations
in the securities market' in areas where the developments/announcements
by the companies lead to excessive volatility in the stock
prices on the SEs.
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