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Tuesday, June 29, 1999

ICICI plans Rs 2,000 cr GDR, domestic float
ICICI is planning a massive Rs 2,000 crore equity float this fiscal which will include a global depository receipts issue as well as private placements with three principal institutional shareholders of the institution--UTI, LIC and GIC.

BankAm secures adviser's mandate
Bank of America has bagged the financial advisory, and M&A mandate for Marathon Power's Rs 720-crore buyout of the 515mw Essar Power. Financing of the acquisition may see the participation of local and overseas players.

Marathon to buy Essar Oil 80mw captive power plant
Marathon Power of the US will buy Essar Oil's 80mw captive power plant in addition to Essar Power in a composite deal aggregating $212 million.

4 Harris Web-Offset Printing Machines for Sale


Corporate Results of over 2500 companies

Sterling group to acquire 40% stake in ETN
The Chennai-based Sterling Group is acquiring a 40% stake in Entertainment Television Network, the 24-hour music channel started recently by Jagjit Kohli, Yogesh Radhakrishnan and Yogesh Shah.

 


CORPORATE
FIPB okays Tatas proposal to sell stake in 3 ventures
VSNL points finger at regulators for gaffes in draft public issue prospectus

ECONOMY
Kargil flare-up unlikely to impact FDI -- Jalan
BJP in a hurry to keep word to fend off poll code brakes

EXPRESSIONS
Forging a path towards peace in Kargil -- Politics must take a backseat
Political parties must focus for better governance

MARKETS
HCL Insys floats four foreign subsidiaries
Sensex has support at 4083 level

LEISURE
Device makes cell phone just a little bit smarter
On the gridiron -- Are you a 9,9 manager?



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