WEEKLY NEWS DLF to sell 4.7% stake via IPP route to satisfy
Sebi norm Realty major DLF is looking to sell nearly 8.1 crore shares or 4.7 percent stake via institutional placement programme (IPP) route to meet Sebi's June 2013 deadline of minimum 25 percent float. DLF promoters currently hold about 78.58 percent stake in the listed entity. The promoters will not be selling any of their shares. It will be a fresh equity sale via IPP route. If you go by the current market price, it sums up to an issue of nearly Rs 2,000 crore. Tata Motors global Nov wholesales at 1.02 lakh
WEEKLY EQUITY NEWSLETTER 17TH DECEMBER 2012
units Tata Motors
group global wholesales in November
declined 5 percent year-on-year to 1,02,337 units, amid sluggish demand for passenger cars and medium and heavy trucks, especially in India.The company sold 49,248 commercial vehicles last month, including that at Tata, Tata-Daewoo and Tata Hispano Carrocera, a little
MARKET UPDATE:Nifty down by 65 pts and settle at 5851.50
lower than 49,724 units sold a year ago. Its passenger vehicle sales were down 9 percent to 53,089 units.
Kingfisher, Air India owe us Rs 648 cr: GMR GMR Infra
which runs Delhi and Hyderabad airports,
has said Kingfisher Airlines
Bank Nifty down by 111 pts at 12269.15
(KFA) and Air India (AI)
collectively owe it Rs 648 crore toward parking and landing charges, reports CNBC-TV18 quoting NewsWire 18.Earlier, GMR group had said that the mounting unpaid dues of carriers are affecting operations at both Delhi and Hyderabad airports.
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