Archive for May, 2008
Bharti’s Talks to Merger with MTN Could Not Materialize
After almost a month of negotiations, Bharti could not take the merger talks further with South African company MTN due to disagreement over the holding structure. Bharti said the structure proposed by MTN would not capture the synergies of the two companies and was a convoluted way of getting an indirect control of the combined [...]
Technical Analysis Based Buy Calls
ABAN OFFSHORE LIMTIED
The stock closed at Rs.4117.15 on 23rd May 2008. It made a 52-week low at Rs.2405.00 on 17th May 2007 and 52-week high of Rs.5416.00 on 07th January 2008. The 200 days Exponential Moving Average (EMA) of the stock is currently at Rs.3598. On the daily charts, the stock is in buy on [...]
Hatsun Agro Product Spurts on Stock Split Proposal
Hatsun Agro Product surged 3.47% to Rs 510 at 12:05 IST on BSE after the company’s board approved a 5-for-1 stock split. The company made this announcement after trading hours on Wednesday, 21 May 2008.
On BSE, 436 shares were traded in the counter. The scrip had an average daily volume of 2,042 shares in the [...]
Softbpo Global Services Rights Issue Proposal
Softbpo Global Services was locked at upper limit of 5% at Rs 264.60 at 11:38 IST on BSE after its board approved rights issue of shares in the ratio of 40:1, at a huge discount to the ruling market price. The rights issue will be at a premium of Rs 60 per share of the [...]
How to Get Best Personal Loan Deals
It’s observed that while shopping for personal loans, the majority of consumers do not put forth the same amount of effort or diligence when shopping for the best personal loan. What makes this even stranger is the aspect that the difference between two different personal loan programs could potentially add up to hundreds and even [...]
Triveni Infra plans IPO
Triveni Infrastructure Development Company Ltd, a real estate developer with primary focus on the NCR region, intends to tap the capital market to raise about Rs 400 crore with an initial public offering of 80 lakh equity shares of Rs 10 each for cash at a premium to be decided through a 100 per cent [...]
Niraj Cement IPO opens on May 26, price band Rs 175-190
Niraj Cement Structurals, an engineering and construction company, will enter the capital market with an initial public offering, IPO of 32,50,000 equity shares of face value Rs 10 each on May 26, 2008. The price band has been fixed at Rs 175-Rs 190 per equity share. The issue will close for subscription on May [...]
HDIL Bonus Issue Announcement [Housing Development & Infrastructure Ltd]
Housing Development & Infrastructure Ltd (HDIL) has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2008, inter alia, has considered and approved following matters subject to approval of the shareholders:
1. Payment of Final Dividend of Rs 3/- per share.
2. Issue of Bonus Shares in the proportion [...]
Tata Investment Rights Issue Proposal
Tata Investment Corporation surged 4.93% to Rs 575.20 on BSE after the company said its board will raise Rs 448 crore through rights issue of zero-coupon convertible bonds in the ratio of 1:5. The company made this announcement during trading hours of 16 May 2008.
The stock hit a high of Rs 595 and a low [...]
State Bank of Bikaner Stock Split Announcement
State Bank of Bikaner & Jaipur has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 22, 2008, will decide to split the face value of the Bank’s shares from Rs 100/- to Rs 10/- per share. Alter clearance from the Board, approval from the Executive [...]
