Archive for July, 2009
Flawless Diamond glitter on stock splits news…
The stock hit a 52-week high of Rs 63 on 9 September 2008 and a 52-week low of Rs 12.60 on 12 March 2009. On BSE, 18,217 shares were traded in the counter. The stock had an average daily volume of 25,392 shares in the past one quarter. The small-cap stock had underperformed the market [...]
Glodyne Technoserve recommendes bonus issue of equity share…
The board of Glodyne Technoserve has recommended bonus issue of equity shares in ratio of 1 equity share of the company of Rs 10 each for every 1 equity share of the company held by the shareholders of the company. This was recommended at the board meeting held on 30 June 2009.
AIG shares fall down 20% 0n 1for 20 reverse stock news…
American International Group Inc shares fall down nearly 20 percent on Wednesday following a 1-for-20 reverse stock split by the troubled insurer. The shares were down $4.53, or 19.5 percent, to $18.67 in early-afternoon trade on the New York Stock Exchange. The reverse split was approved at the AIG annual meeting on Tuesday. The shares closed [...]
Kabirdas motor company to raise 60cr IPO…
Chennai-based Kabirdass Motor Company, which sells Xite electric scooters, is planning to raise Rs 60 crore through an IPO. The issue will be open in 45 to 60 days, said Mr Murali Kabirdass, Managing Director. · The fund-raising is primarily meant to set up a manufacturing facility with two-lakh-unit capacity at Sriperumbudur near Chennai. [...]
JSW Group plansIPO for its Cement & Energy companies…
The JSW group may revive its initial public offering (IPO) plans for its two companies, JSW Cement and JSW Energy. The group is reworking on draft red herring prospectuses (DRHPs) and may hit the market in a year.. JSW Energy is looking to raise Rs 5,000 crore from the stock market to fund its [...]
