Saturday, July 17, 1999
Tatas to hike Tetley offer price to 280 mn pounds
The Tata group, following protracted negotiations with Schroders Private Equity Fund, which has management control over the Tetley Group of UK, has decided to revise upwards the offer price in its bid to take over the world's second largest tea company.
B V Raju to transfer Raasi Finance stake to daughter
The former Raasi Cements chief and the Raju family patriach BV Raju has decided to transfer his entire holding in the Raasi Finance and Investment (RFIL) to his second daughter K Usha Rani. This will imply that K Usha Rani will now hold the reins of the company.
Yashwant Sinha rules out war tax for now
Finanace minister Yashwant Sinha has discounted possibilities of any immediate imposition of a war tax or cess to meet the expenditure incurred in the Kargil operations. He, however, added that if a review necessitated raising additional resource, such measures could be considered later.
|
|
