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F I I limit to 40 %
Posted by :
ar_akmHi rvk41, Indian Promoters has 36.10% holding. As per your messages the board has approved raising of investment limit of foreign institutional investors (FIIs) to 40%. What is your opinion about the effect after implementation of above limit....
F I I limit to 40 %
Posted by : GuestHindalco Very strong target Rs. 200/- with in 2 months if this stock break 140 then next target 165- 180 ...
F I I limit to 40 %
Posted by : rvk41
Hindalco Industries, the flagship company of the Aditya Birla group, today announced that its board has approved raising of investment limit of foreign institutional investors (FIIs) to 40%.
Further, its board has also approved raising of long term finance by way of qualified institutional placement (QIP) / global depository receipts (GDRs) and / or other securities with or without green shoe option up to Rs 29 billion instead of earlier approval of Rs 24 billion.
The approval of shareholders for the aforesaid decision is yet to be obtained.
Hindalco Industries has a 51% shareholding in Aditya Birla Minerals which has mining and exploration activities focused at the Nifty copper operation and the Mt Gordon copper operation in Australia.
For information,with regards
rvk41...
NSE Announcements on Hindalco
Posted by : MMB MessengerHindalco Industries Ltd. has informed the Exchange that the Board of Directors of the Company vide Circular Resolution approved raising of investment limit of Foreign Institutional Investors (FIIs) to 40% subject to the necessary approval of the Shareholders of the Company. Board has also approved raising of long term finance by way of Qualified Institutional Placement (QIP)/ Global Depository Receipts and/ or other Securities with or without Green Shoe Option upto Rs.2,900 Crores instead of earlier approval of Rs.2,400 Crores. The Company has called an Extra Ordinary General Meeting on November 17, 2009 for the purpose of approval of the aforesaid items....
BSE Announcements on Hindalco
Posted by : MMB Messenger
Hindalco Industries Ltd has informed BSE that the Board of Directors of the Company vide Circular Resolution approved raising of investment limit of Foreign Institutional Investors (FIIs) to 40% subject to the necessary approval of the Shareholders of the Company.
Board has also approved raising of long term finance by way of Qualified Institutional Placement (QIP) / Global Depository Receipts and / or other Securities with or without Green Shoe Option upto Rs. 2,900 Crores instead of earlier approval of Rs. 2,400 Crores.
The Company has called an Extra Ordinary General Meeting on November 17, 2009 for the purpose of approval of the aforesaid items....
Hindalco : Outcome of Board Meet
Posted by : pms.swastika
Hindalco : Outcome of Board Meet
Hindalco Board approves Hiking FII Limit to 40%, Ups QIP, GDR Issue size up to Rs. 2900 Crs.
Regards
Swastika PMS...
Hindalco want to sell alloy wheel assets
Posted by : GuestHindalco wants to sell alloy wheel assets. How will it reflect on the stock price?...
all metal stock moving very fast but Hindalco is still not doing gud any news...
BSE Announcements on Hindalco
Posted by : MMB MessengerHindalco Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2009, inter alia, to consider the Unaudited Financial Results (Provisional) of the Company for the Second Quarter (Q2) and Half Year ended on September 30, 2009....
Aditya Birla group company Hindalco Industries today said its shareholders have approved the raising of funds up to Rs 2,400 crore by issuing securities in the domestic or international markets.
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Shareholders of the company have given their approval for garnering funds through the issue of securities that include equity shares, debentures and warrants, Hindalco Industries said in a statement to the Bombay Stock Exchange (BSE).
The fund raising plan also includes green shoe option, it said.
According to the company, the funds may be raised in one tranche or more.
The company has an option to issue securities to qualified institutional buyers (QIB) on a private
...
BSE Announcements on Hindalco
Posted by : MMB MessengerHindalco Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 18, 2009....
BSE Announcements on Hindalco
Posted by : MMB MessengerHindalco Industries Ltd. has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Shareholders of the Company held on September 18, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Hindalco is going for QIP and Merchant Banker wants to jack up the price so that it can be offloaded at higher price. Else how come it paid Advance tax which was 60%lower than comparable quater.First dilutiion and then less advance tax. Just ride the momentum but be careful.....
BUY HINDALCO
Posted by :
DIPAKSUB
ALCOA reported profit of 4 cents a share in the third quarter. Analysts were expecting a loss. Sales reached $ 4.62 billion, ahead of analysts` $ 4.55 billion forecast.
Alcoa reported net profit of $ 77 million in Q3. Analysts had expected the company to post loss. In Q3, the company benefited from rise in aluminum prices. Cost savings also helped the company`s numbers. Aluminum prices have gone up 16% to $ 1,890/t in last 3 months.
Alcoa said that global demand for aluminium was now on the increase. Aluminium consumption is expected to increase 11% in the second half of 2009. Due to low inventories at distributors and rising shipments, regional premiums are improving and global.CHECK IT OUT...
