Re-listing: Nicco Corporation (Last traded 14.20 on September 29)
Sobha to list on December 20
i-flex: To issue preferential allotment to Oracle: Srcs To do so post open offer close on December 23: Srcs To acquire Indian and APAC ops of US-based CAPCO: Srcs CAPCO acquisition to be funded to preferential allotment to Oracle: Srcs Oracle offers no comment. i-flex and Capco not available for comments
Rel Comm planning to buy 100% stake in Hutch; Orascom, Maxis join race
ADAG group believed to have offers stake in Reliance Comm to Li-Ka Shing, promoter of Hutchison Whampoa – FE
Zee to start trading on demerged basis in cash and F&O from today; Futures lot size 700
Zee plans to raise Rs 900 crore (Rs 9 billion) via equity sale in Dish TV, WWIL once they are listed – Reports
Nymex in talks to acquire 9% stake in MCX for Rs 270 crore (Rs 2.70 billion) – ET Sat
Cairn: Fixes IPO price at Rs 160 (lower end); will need to return nearly Rs 335 crore (Rs 3.35 billion) to private investors for pre-IPO placement done at Rs 176 per share Issue subscribed 1.11 times QIB: subscribed 1.33 times; HNI: subscribed 0.42 times Retail: subscribed 0.9 times Overall subscriptions dipped from 1.76 to .93 on Friday morning Dip in subscriptions due to reversal of trades: Sources Trades reversed because of uncertainty in market: Sources Trade reversal because investors comfortable at lower end of price band: Sources Many investors revised bids from Rs 170 to Rs 160 on Friday: Sources
SBI pays advance tax of Rs 865 crore versus Rs 253 crore (YoY): Sources
Yokogawa board meet today to consider de-listing on Japanese promoter Yokogawa Electric’s intentions to buy out remaining shares and de-list the company (Currently holds 83.2% stake)
Subex Azure board approves USD 200 million FCCB Issue, hike in FII limit to 100%
Pantaloon fixes price for QIP issue at Rs 415 (CMP: Rs 440, currently in ND, last day of ND)
Indonesia based NRI Prasoon Mukherjee buys 50% stake in Unitech’s overseas arm Unitech Corporate Park (Mukherjee is known for his proximity with Salim group which bagged prized real estate projects in WB)– FE Sat
NSE bars further F&O positions in NDTV as 95% markwtwide position limit is hit
ONGC makes gas find in the Bay of Bengal with initial reserves estimated to be 21 trillion cubic feet
DE Shaw to pick up 18% in Amar Ujala for Rs 117 crore (Rs 1.17 billion) – ET
Dena Bank to sell bad loans aggregating to Rs 500 crore (Rs 5 billion) to Arcil for Rs 100 crore (Rs 1 billion) – ET
Government likely to cut excise duty on big cars from 24% to 16% - FE
Central Vigilance Commissioner launches investigation into Rs 591 crore contract awarded by BSNL to HCL Info for communication network for Indian Air Force in return for spectrum
