MUMBAI: Delhi-based domestic air carrier SpiceJet plans to raise around $75 million by issuing preferential shares by September 2010. The airline has appointed financial services firm Edelweiss, along with IDFC-SSKI Securities, as co-fund manager to find a suitable investor.
Inox Leisure, India’s third-largest multiplex operator, is likely to increase its open offer price for Fame India to attract minority shareholders and stave off a determined bid by Anil Ambani’s Reliance MediaWorks (RMW) to ensnare its chosen partner.
The sale of Wockhardt’s nutrition business to Abbott Laboratories has hit a roadblock as differences regarding rights on the sale proceeds have cropped up between the company’s secured and unsecured creditors.
CESC’s subsidiary Dhariwal Infrastructure has issued a letter of intent to Punj Lloyd for an EPC project for a value of Rs 1023 crore in connection with its 2x300 MW Thermal Power Project undertaken at Tadali village, near Chandrapur in the State of Maharashtra.
EdServ has proposed to raise Rs 130 crore by way of issue of equity shares through QIP route at a price to be fixed by the board to fund its expansion plans that include content development & acquisition, expanding the infrastructure in schools, upgrading learning management system to include institutions management systems.
CHD Developers has announced the launch of a latest Group Housing Project in National Capital Region worth Rs. 350 crore.
Shares of ITC are likely to be in action on reports that it plans hike cigarette prices by up over 17 per cent.