The Shapoorji Pallonji Group's proposed takeover of Karaikal Port, a unit of Chennai-based infrastructure group MARG, has been called off, reports CNBC-TV18.
Shapoorji Pallonji‘s plans to buy a stake in Karaikal port in Puducherry has hit a bump, reports Mint. The newspaper learns the reason for this stalemate could be because the promoters of the port, Chennai-based MARG Group, don‘t want to let go of their management control.
Marg shares are locked at 20 percent upper circuit at Rs 10.69 on Wednesday after a media report suggested that Shapoorji Pallonji group may pick up 51 percent stake in company's subsidiary. There were pending buy orders of 221,607 shares, with no sellers available at 13:07 hours IST.
DLF | Bharti Airtel | Idea Cellular | Wipro | Reliance Communications | Ramco Cements | Suzlon Energy | Asian Granito | Bharat Forge | Pfizer | Strides Shasun | Monsanto | SBI | Marg | MOIL | NMDC and GMR Infrastructure are stocks, which are in the news today.
On June 4, 2015 ICICI Bank Limited sold 3,25,423 shares of Margat Rs 10.20.
On May 15, 2015 Vikram Bagmar HUF bought 4,00,000 shares of Marg.
Marg has reported a standalone sales turnover of Rs 72.69 crore and a net loss of Rs 15.98 crore for the quarter ended Dec '13
Marg has reported a standalone sales turnover of Rs 66.77 crore and a net loss of Rs 22.42 crore for the quarter ended Sep '13
Marg has reported a standalone sales turnover of Rs 91.05 crore and a net loss of Rs 20.25 crore for the quarter ended Jun '13
Aditya Birla Nuvo | Emami | Marg | Khaitan Electricals | NTPC | Jet Airways | Coal India | Reliance Capital | Shree Ganesh Jewellery | Bajaj Auto and Neyveli Lignite are stocks, which are in the news today.
SAT has set aside Sebi's letter wherein it had declined the request of Akshya to withdraw the open offer warning the company and MARG‘s promoters of penal action if it did not go ahead with the offer.
Bharti Airtel | Edelweiss | Sintex | Globus Spirits | Hindustan Copper | Wipro | NHPC | Marg | Winsome Diamonds | Ramco Systems | Tourism Finance Corporation of India | Tata Steel | Financial Technologies and MCX are stocks, which are in the news today.
Marg has reported a standalone sales turnover of Rs 172.52 crore and a net loss of Rs 15.75 crore for the quarter ended Dec '12
On December 06, 2012 Rajasthan Global Securities Ltd sold 222,464 shares of Marg at Rs 68.40 on the NSE. In the previous trading session, the share closed at Rs 57.65, down Rs 14.40, or 19.99%.
Ashok Leyland | NTPC | Reliance Communications | Hindalco | Marg | Brigade Enterprises | Jaiprakash Power Ventures | Axis Bank and Yes Bank are stocks, which are in the news today.
Karaikal Port, a subsidiary of Chennai-based infra firm Marg, today said Standard Chartered Private Equity has pumped in Rs 130 crore into the upcoming port project, which will give the PE firm a board position.
CRISIL Research has come out with its report on Marg. The research firm has maintained the fundamental grade of 3/5 to the company in its May 16, 2012 report.
PE fund Jacob Ballas will buy stake in Margs' Karaikal Port, reports CNBC-TV18.
CRISIL Research has come out with its report on Marg. The research firm has maintained the fundamental grade of 3/5 to the company in its January 27, 2012 report.
Marg has reported a sales turnover of Rs 483.04 crore and a net profit of Rs 18.36 crore for the quarter ended Dec '11
Marg has reported a sales turnover of Rs 317.88 crore and a net profit of Rs 65.34 crore for the quarter ended Sep '11
CRISIL Research has come out with its report on Marg. The research firm has maintained the fundamental grade of 3/5 to the company in its November 10, 2011 report.
On October 20, 2011 Reliance Capital Asset Management Limited sold 210,000 shares of Marg at Rs 88.73 on the BSE and sold 240,000 shares at Rs 88.82 on the NSE.