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Amex Info allots 5 lakh shares upon conversion of warrants
Mumbai: Business process outsourcing (BPO) company Amex Information Technologies has allotted five lakh equity shares to warrant holders upon conversion of the warrants held by them.

The board of the company, allotted five lakh shares of Rs10 each, upon conversion of an equal number of warrants by the holders, Amex Info informed the Bombay Stock Exchange.
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Bajaj Hind allots 10.28 lakh shares upon FCCBs conversion
Mumbai: Sugar major Bajaj Hindusthan has allotted over 10.28 lakh equity shares upon conversion of 3,500 foreign currency convertible bonds.

The GDR committee of the directors of the company, at its meeting held on November 26, has allotted 10,28,881 equity shares upon conversion of FCCBs amounting to US$3.5mn at a conversion price of Rs147.50 per share, the company informed the Bombay Stock Exchange.

Post allotment, the paid up capital of the company has increased to Rs11.95 crore from Rs11.85 crore.
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Hikal picks up stake in Fortune 500 Sinochem's subsidiary
Mumbai: Pharma company, Hikal said that it has acquired minority stake in a subsidiary of Chinese company, Sinochem Corporation.

Sinochem Corporation is a 'Fortune 500' company.
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MSK Projects to raise US$12mn from global markets
Mumbai: MSK Projects (India) has said it would raise US$12mn through the issue of foreign currency convertible bonds (FCCBs).

The board has approved an increase in authorised share capital from Rs15 crore to Rs19.50 crore by creation of additional 45 lakh equity shares of Rs10 each, for the FCCBs, the company said.

An EGM of the company will be held on December 26, to receive consent of the shareholders for the above purpose.
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Rasandik Engg. to raise US$10mn via FCCBs
Mumbai: Manufacturer of sheet metal components and assemblies for automobile manufacturers, Rasandik Engineering Industries (India), will raise US$10mn through an issue of foreign currency convertible bonds (FCCBs).

The company has also decided to allot 2,05,000 warrants at Rs184.40 per warrant on the preferential basis, it informed the BSE.

Out of the 2,05,000 warrants, 1,80,000 were allotted to Rajiv Kapoor, promoter, and 25,000 were allotted to A R Halasyam, Director of the company.
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Fidelity MF to collect Rs.1 crore
Mumbai: Fidelity Mutual Fund plans to collect Rs1 crore from its proposed open-ended fund.

In its draft offer document submitted to SEBI for the new fund offer, Fidelity Multimanager Cash Fund, the company said the minimum amount on initial application will be Rs5,000 and the investor would have two schemes to choose from.
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