The Financial Express -- Markets

Saturday, May 17 1997

Cadbury offers a sweet deal to shareholders

The company offers 39.68 lakh shares at half of the current market price of the scrip. The scrip currently hovers around Rs 305, whereas the rights issue, in the ratio of one equity for every five shares held, is priced at Rs 150. The issue proceeds of Rs 59.52 crore will be used to part finance the company's Rs 92-crore expansion-cum-modernisation programme.

Infrastructure Bond Issue

Ford Credit Kotak Mahindra's FD programme rated AA+

Crisil has assigned an FAA rating to the proposed fixed deposit programme of Ford Credit Kotak Mahindra Limited. The rating is supported by the Ford parentage, strong systems, financial control and asset liability management practices, past experience and organisational infrastructure support of Kotak Mahindra Finance Limited (KMFL).

It's IRFC versus IDBI in the private placement market

The IDBI's omni bonds and IRFC's taxable bonds are in the race to seek private placement pie. While IDBI is banking on its brand equity and image to see its issue through, IRFC will lure bulk investors with a higher coupon rate. While both the AAA rated institutions are targeting banks and institutions and are flush with funds post-credit policy.

Bearish trend on Chennai exchange

SEBI to protect CRB MF unitholders

Market-makers adopt cautious approach

Marginal gains on Bangalore bourse

Broker forms depositors' forum

Assured returns on equity portfolio hits BoI investors

Thin volumes on Cochin SE

Wheat, rice and edible oils decline; pulses firm up

PNB Premium repurchase yet to resume

STOCKTAKING -- Satyam Computer Services

Higher production cost hits net

Platinum jewellery sales zoom in Japan