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Essar
Shipping plans delisting from BSE
Mumbai: Essar Shipping plans to delist from the
Bombay Stock Exchange and the company has called a board
meeting on December 2 to consider the proposal. The company
said that it has received a letter from its major promoter
Essar Shipping & Logistics Ltd (ESLL), intending to
delist the shares of Essar Shipping from the BSE.
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Reliance
Communication touches $20bn market cap
Mumbai: Anil Ambani held Reliance Communications
has touched a market capitalisation of $20 billion. The
RCL share has been gradually rising with the rise in the
stock markets in the past couple of weeks and gained more
than 2 per cent on December 1 to touch a new high of Rs438.80
in morning trade on the BSE taking its market capitalisation
to Rs89,715.55 crore.
Reliance
Energy also an Anil Ambani company rose 2.3 per cent to
Rs540 on the BSE.
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LT
Overseas IPO oversubscribed seven
times
Mumbai: The initial public offer of Basmati rice
manufacturer, LT Overseas was oversubscribed 7.18 times
on the back of decent response from retail investors and
institutional buyers.
The
offer received 5.05 crore bids for 70.35 lakh shares,
according to data available on the stock exchanges.
The
retail investors' portion of the IPO was oversubscribed
7.69 times while the non-institutional investor's portion
of the IPO got subscribed by over 4.29 times on the last
day.
The
price band for the issue had been fixed between Rs50-Rs56
per share.
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Nifty
touches 4,000 in intraday trade
Mumbai: As the benchmark Sensex continued to rise
on the BSE on Friday, gaining over 150 points to touch
a high of 13,857.81 points the S&P CNX Nifty index
crossed the 4,000 mark to later settled at 3,997.60.
Markets
surged after the Central Statistical Organisation (CSO)
yesterday reported a robust 9.2 per cent growth in July-September
2006, mainly on the strength of the performance of the
manufacturing and services sector. The growth rate in
the corresponding quarter last year was 8.4 per cent,
while the 2006-07 first quarter growth was put at 8.9
per cent.
The
30-share index Sensex rose 148.47 points to finish at
13,844.78 compared to the previous close of 13,696.31.
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