Wednesday, December 30, 1998
Govt restricts foreign tie-ups
The government has decided not to allow foreign collaborations through automatic route in areas where applicants have already got permission to operate joint ventures.
Institutions close in on Mittals
The promoters of Ispat Industries Ltd have failed to bring in the entire call money for their subscription to the Rs 799 crore rights issue of convertible debentures made in June 1997, say financial institution sources.
Sumitomo told to make open offer for Hikal Chem
The Securities and Exchange Board of India (SEBI) has directed the promoters and associates and Sumitomo Corporation of Japan to make a public offer under the takeover regulations for acquiring shares of Hikal Chemicals Industries Ltd.
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