Top bourse NSE will delist 20 companies, including Pyramid Saimira Theatre, with effect from September 12 as these entities are in the process of winding up their businesses.
The company is planning to double exports from India in next 3-5 years and exports are likely to form nearly 50 percent of India business. The management also added that there is a significant pick-up in orders in next 24-36 months.
Although the company witnessed 15 percent growth in Q1 on year-on-year basis, it was in investment/capex mode over last 2-3 years that curtailed margins. Going forward, he sees early cues of margin improvement.
Reliance Land Private Ltd and Reliance Capital Ltd have offered to purchase 51,579,465 shares, representing 26.70 percent stake in Reliance MediaWorks, according to a public notice issued today.
The bargaining power is now with the shareholders, says Radke, who believes Rs 1300 per share is a fair price for the stock currently.
DIC Corporation of Japan, world's largest manufacturer of printing Inks and allied material, holds 71.5 percent stake in DIC India through DIC Asia Pacific Pte Ltd, Signapore.
Capital market regulator Sebi on Monday allowed Fresenius Kabi Oncology to delist its shares from the Indian stock market and asked the healthcare firm to complete the delisting process within three months -- bringing to an end a long-standing dispute.
Last year, in May, the foreign parent of Fresenius Kabi, an Indian oncology drugs company, announced its intention to sell up to 15% promoter stake and reduce its shareholding to 75% via one or more OFS.
Fibreboard manufacturer Jolly Board shares dropped 4.5 percent Tuesday after the company planned to delist from the exchange.
Fairfield Atlas shares came off day's high after hitting a new 52-week high of Rs 208 in early trade Tuesday due to delisting news.
The Patni name will cease to exist in the Indian markets. Over a year after i-Gate wooed and won over Patni Computers, it has received the go-ahead to delist Patni from the bourses, reports Sunanda Jayaseelan of CNBC-TV18.
In his analysis of market on CNBC-TV18, SP Tulsian of sptulsian.com, expects the bidding war on IVRCL to intensify, attributes Ranbaxy’s 6% rise to Daiichi’s move to delist loose stock, soothed investors’ fears on missing out on Dish TV and indicated that the future was bright for Coal India.
Compact Disc board promoters are going to delist the company from the exchanges soon at Rs 75 per share and to settle dispute with HSBC, reports CNBC-TV18. It touched an intraday high of Rs 54.90 and an intraday low of Rs 52.40. At 09:17 hrs the share was quoting at Rs 54.85, up Rs 1.95, or 3.69%.
Chocolate maker Cadbury, which is in dispute with the minority shareholders on its plans to delist, lashed out at the Investor Grievances Forum (IGF) today saying the forum was not justified to intervene in the case, reports Ashwin Mohan of CNBC-TV18.
Novartis India has said it has no plans to delist from the stock exchanges and reports suggesting such a move are speculative in nature.
Compact Disc touched an intraday high of Rs 51.90 and an intraday low of Rs 46.25. At 12:35 hrs the share was quoting at Rs 51.90, up Rs 8.65, or 20%.
Nirma will delist effectively on March 23, reports CNBC-TV18. It touched an intraday high of Rs 255 and an intraday low of Rs 253.50. At 10:04 hrs the share was quoting at Rs 254.10, up Rs 0.85, or 0.34%.
Binani Cement, part of the Braj Binani group, is set to delist from Indian bourses, as a culmination of its share buy-offer to shareholders in this regard. The promoters have agreed to accept all the shares tendered at or below the discovered price as defined in the rules, which will take their shareholding above 90%.