The acquisition will be funded through internal accruals of the company
Posts tagged MC
Texmaco Rail to acquire 76 pc stake in Bright Power (14-09-2015)
IndiGo’s Rs 2,500-crore IPO gets Sebi nod (14-09-2015)
Under the offer, the company plans to issue fresh shares worth Rs 1,272 crore
PM to meet power producers on Tuesday (14-09-2015)
The meeting comes a day after the Prime Minister met top brass of state electricity distribution companies (discoms), to review their performance and discuss the issue of their burgeoning debt.
Abbott ousted as Australian PM in internal party challenge (14-09-2015)
In the hastily-arranged late night party leadership ballot, Abbott, 57, who had been plagued by poor opinion polls, received 44 votes to Turnbull’s 54.
Foreign investors allowed to buy upto 40% in Maruti Suzuki (14-09-2015)
RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis and has fixed the cut-off points two percentage points lower than the actual ceiling.
Price situation under control: Arun Jaitley (14-09-2015)
The Finance Minister was responding to a query on the WPI and CPI Data released earlier in the day.
Bumpy road ahead but lots of opportunities too: El-Erian (14-09-2015)
The economist also said his call to move to cash is less of a “slam dunk” than it was because—although volatility may rise—the American economy continues to recover and parts of the US corporate sector are seeing positive developments.
Buy Federal Bank; target of Rs 82: Edelweiss (14-09-2015)
Edelweiss is bullish on Federal Bank and has recommended buy rating on the stock with a target price of Rs 82 in its research report dated September 14, 2015.
Buy State Bank of India; target of Rs 300:Â ICICI Direct (14-09-2015)
ICICI Direct is bullish on State Bank of India and has recommended buy rating on the stock with a target price of Rs 300 in its research report dated September 14, 2015.
Mining, defence to drive future growth; ICICI Direct (14-09-2015)
With defence being the central theme of the ‘Make in India’ campaign, the capital spend is only expected to accelerate hereon (13% CAGR in FY08-15), says the report.