Atlas Copco Limited has accepted the reverse book built price discovered through the bidding. The foreign promoters own 83.77% of the company and intended to delist the company by acquiring the balance 36,62,204 equity shares or 16.23% of the equity capital. The promoters offered a price of Rs 1450 based on the valuation report of [...]
Archive for the ‘Analysis’ Category
Salient Features of the Budget: Markets to consolidate this week after strong rally
March 6th, 2011
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The budget has come and gone by. There has been a very strong rally post budget which saw the BSESENSEX gaining 785 points or 4.44% to close at 18,486.45 points and the NSENIFTY gaining 235.20 points or 4.43% to close at 5,538.75 points. The rally would be attributed to the budget and if there was [...]
Union Budget Expectations 2011
February 27th, 2011
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The Union Budget would be presented on Monday the 28th of February and though it is a non-event there is always that hope that something would spur the markets this year. Things have gone wrong this year for the ruling UPA and the number of scams that they are fighting ranging from 2G to Adarsh [...]
