TV
Today IPO at Rs 80-95 price band
TV Today, which is entering the capital market with an
initial public offering. The issue of 1,45,00,000 equity
shares of Rs 5 each is being made through a 100 per cent
book building process. The price band has been fixed at
Rs 80-95 per share.
The
proceeds of the issue will be used for upgrading the infrastructure
of its existing news channels over the next two years.
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Ricoh,
NRG make open offer for 24% stake in Gestetner
Mumbai: Ricoh Company Ltd of Japan and NRG Group
Plc of the UK on Tuesday made an offer to acquire 24 per
cent stake in Gestetner (India) Ltd at Rs 32 per share.
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Merrill
Lynch gets 5.10% stake in Satnam Overseas
Mumbai: Merrill Lynch Capital A/C Merrill Lynch
Capital Mkt. Espanan, has acquired 10 lakh equity shares
of Satnam Overseas Ltd, a basmati exporter, through the
market on December 10, according to a company release.
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Abhishek
Ind gets shareholders' nod
Mumbai: Abishek Industries Ltd has informed the
BSE that at the extraordinary general meeting, the shareholders
had approved reclassification of the company's authorised
share capital to be divided into equity shares worth Rs
250 crore and preference shares worth Rs 50 crore, aggregating
Rs 300 crore.
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Malwa
cotton board meet tomorrow
Mumbai: Malwa Cotton Spinning Mills Ltd has informed
the Bombay Stock Exchange that a meeting of the company's
board of directors will be held on December 18, to consider
the preferential allotment to the company's promoters.
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