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Tuesday, February 18, 2014


TOP CORPORATE NEWS


·        SKS Microfinance allots equity shares

SKS Microfinance announced allottement of 264 equity shares of Rs 10 each to the grantee who exercised options under the company's employee stock option plan, 2009.

·        GMR Infra completes divestment of GMR Ulundurpet Expressways

The GMR Group announces successful completion of divestment of its majority stake 74% in GMR Ulundurpet Expressways (GUE) to India Infrastructure Fund (IIF). IIF has earlier emerged as a successful bidder in buying majority stake in GMR Ulundurpet Expressways, which attracted strong interest from several investors in India and abroad.

·        Stake sale in Hindustan Zinc, Balco unlikely in FY14
The government is unlikely to complete sale of minority stakes in Hindustan Zinc  and Bharat Aluminium (Balco) this fiscal year. The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO. Both the companies are majority owned by London-listed Vedanta Resources Plc.

·        ONGC Videsh, Oil India signs production sharing Contract


Oil & Natural Gas Corporation Ltd has announced that ONGC Videsh and Oil India has signed Production Sharing Contract for Two Shallow water Exploration Blocks in Bangladesh.

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