IT Update
SBI raises over $5.2 bn through IMD Setting a kind of record in the global financial market, the SBI five-year, 8.5% dollar-denominated IMD has mopped up over $5.2 billion. In rupee terms, the mobilisation is pegged at over Rs 24,000 crore. Joint Sheths-Mahindras counter-offer for 33.5% of GESCO at Rs 36 per share The Sheths of GESCO Corporation, in joint alliance with MRIDL, on Tuesday countered the hostile takeover bid of the Delhi-based Renaissance Estates of the AH Dalmia group by offering a price of Rs 36 to shareholders. State makes strong case for World Bank aid The Maharashtra government on Tuesday made a strong appeal to the visiting World Bank president James D Wolfensohn to "bestow priority to Maharashtra in its assistance programme and sanction as many proposals as possible on a priority basis." DoD proposes panel to look into MUL divestment The DoD has proposed the setting up of a three-member committee under Cabinet secretary TR Prasad for the divestment of government equity in MUL. Combine may go for creeping acquisitions The new alliance in GESCO Corporation may consider the creeping acquisition route to up the promoters' stake in the company to over 51%.
SBI raises over $5.2 bn through IMD
Joint Sheths-Mahindras counter-offer for 33.5% of GESCO at Rs 36 per share
State makes strong case for World Bank aid
DoD proposes panel to look into MUL divestment
Combine may go for creeping acquisitions