Bharti Airtel will acquire additional 4.62% at market price in the telecom by Nov 3. Bharti Telecom will acquire 18,47,10,183 equity shares of Bharti Airtel from Indian Continent Investment Limited (ICIL), at price of Rs 417.35 /share with the weighted average market price of 60 days trading period.
Tata Steel registered a consolidated net profit of Rs 1,017.78 crore in Sept quarter, supported by volume growth and higher sales.
LIC Housing Finance Ltd reported a marginal decline of 1.13% in its net profit at Rs 489.12 cr for the second quarter of the current FY.
Consumer products and Service Company Marico Ltd has reported a 2.48% increase in consolidated net profit at Rs 185.04 crore for the Q2 ended Sept 30, led by stellar volume growth.
Reliance Communication Limited has presented a new plan to recast its Rs. 45000 cr debt to lenders including converting of Rs.7000 cr of debt into equity by banks and handing over the majority stake to them.
Infrastructure Dev. Finance Company (IDFC) reported 35.83 percent decline in its consolidated profit to Rs. 180.80 Cr for the Q2 ended Sept 30. IDFC and Shriram group called off their USD 12 billion mega-merger plan after considerable time-bound discussion on an account of disagreement on the swap ratio.