Walt Disney Corporation who is the majority shareholder plans to acquire the shares and delist the company from the Stock exchanges where it is listed. The share has been rising steadily and the price has risen sharply from a level of Rs 386 on the 10th of February to a high of Rs 1050 [...]
Archive for the ‘General’ Category
Walt Disney plans to delist UTV Software Communications: Floor price and ceiling price confusion
August 1st, 2011
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ICICI Bank acquires a stake of 29.3% in GTL on taking over pledged shares
August 1st, 2011
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ICICI Bank is now the single largest shareholder ahead of promoter Manoj Tirodkar after it assumed a 29.3% stake in the debt laden company GTL. The shares were acquired at a value of Rs 68.2 and at this price the bank has been able to recover Rs 194 crs of the Rs 500 crs [...]
SEBI announces new Takeover Code
July 29th, 2011
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The much awaited and debated SEBI Takeover Code was finally announced at the SEBI Board meet in Mumbai on Thursday the 28th of July. The Code has three major changes which are as follows: – The trigger point or threshold limit has been changed from 15% to 25%. This means that if the person/entity or [...]
