Posts filed under 'Infrastructure'
The media had reports that GTL Infrastructure Limited may buy Essar’s tower unit in a transaction of around $ 2 billion.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
GTL Infrastructure Limited has vide its letter inter-alia stated, “The Company has not entered into any definitive agreement for purchasing any tower assets or merging itself with any one else. As a part of the strategy, the company apart from rolling out a pan-India network of towers is also in discussion with various players in the industry for inorganic growth. As and when such efforts for inorganic growth get concluded, we shall inform the Stock Exchanges.”
April 9th, 2008
Symbol Code: LARTOU
L&T is one stock that is hit over 8% just after news came out that the company had some commodity hedging losses in FY08. The numbers of one of its subsidiaries would get effected because of this.
L&T stock opened at Rs. 2,910.50 and in less than 30 minutes, the script is trading at Rs. 2,665.00 levels. The company however said it will continue to stick to its sales, profits and margin guidance for FY08.
March 10th, 2008
Gammon Infrastructure Projects Limited IPO is now open. The price band / floor price is at Rs. 167.0 - 200. A minimum quantity of 35 shares and multiples of 35 shares can be put on application. The IPO closes March 13, 2008.
March 10th, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. February 18, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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KNRCON
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KNR Constructions Limited
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INE634I01011
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February 15th, 2008
The media had reports that Patel Engineering Limited has obtained an assignment to build a dam in the US for $ 300 million.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Patel Engineering Limited has vide its letter inter-alia stated, “The company has not yet obtained any assignment to build dams as referred to in the media.”
February 6th, 2008
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