|
![[FRONT PAGE]](/icons/fe-frontpage-strip-a.gif){kind=icon} ![[ECONOMY]](/icons/fe-economy-strip.gif){kind=icon} ![[CORPORATE]](/icons/fe-corporate-strip.gif){kind=icon} ![[MARKETS]](/icons/fe-markets-strip.gif){kind=icon} ![[EXPRESSIONS]](/icons/fe-expressions-strip.gif){kind=icon} ![[LEISURE]](/icons/fe-leisure-strip.gif){kind=icon} ![[BRANDWAGON]](/icons/fe-brandwagon-strip.gif){kind=icon} ![[HABITAT]](/icons/fe-habitat-strip.gif){kind=icon} |
|
|
|
Rothmans asks FIPB to ignore 2% stake in ITC![[Details]](/icons/bullet.gif){kind=icon} The UK-based Rothmans of Pall Mall believes that its 2% stake in ITC should not call for a board resolution for setting up a 100% owned subsidiary. Rothmans contends that its stake in ITC, made in 1934, is distinctly different from that of any sizeable strategic interest in a company and therefore should not pose any hindrance for its proposed arm in India.
|
|
|
AFT shelves plan to pick up stake in Empire Plantations The Calcutta-based AFT Industries Ltd, formerly Assam Frontier Tea, has put on hold its plans to acquire a 74% non-resident Indian (NRI) stake in Empire Plantations (India) Ltd. The acquisition, slated to cost Rs 39 crore, has been put off to avoid any liquidity crunch.
|
L&T seeks fuel-linkage tie-ups with CIL, Railways Larsen and Tubro (L&T) is negotiating with Coal India Limited (CIL) and Indian Railways to acquire fuel linkages for its Rs 2,500 crore power project. L&T has already got techno-economic clearance (TEC) from the Central Electricity Authority (CEA) and all other necessary clearances for setting up the proposed project.
|
|
|
||
The Group
