BASF INDIA - A BONUS HARVEST

Article Abstract:

BASF India (BASFI) proposes to offer one bonus share for every share held by its existing shareholders. BASF derives nearly 33 percent of its earnings from leather chemicals and auxiliaries. It also produces crop protection chemicals. BASFI is the 50 percent subsidiary of BASF Aktiengesellschaft of Germany. (ag) ------------------------------------------------------------ Financial Performance of BASF India (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 294.22 265.33 ------------------------------------------------------------ Operating profit 52.20 50.41 ------------------------------------------------------------ Interest 14.03 21.85 ------------------------------------------------------------ Gross profit 38.17 28.56 ------------------------------------------------------------ Depreciation 19.02 13.29 ------------------------------------------------------------ Net Profit 16.88 16.17 ------------------------------------------------------------ Equity Capital 16.10 16.10 ------------------------------------------------------------ Earnings per share (Rs) 10.48 10.04 ------------------------------------------------------------

Comment:

Proposes to offer one bonus share for every share held by existing shareholders

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
BASF India

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FUNDS TAKE 9.6% STAKE IN HLCL

Article Abstract:

Foreign institutional investors (FIIs) and domestic institutions and funds have acquired a 9.6 percent stake in Hind Lever Chemicals Ltd (HLCL) after a private placement of 2,225,600 equity shares worth Rs102.38 crore by the company. The private placement was done at Rs460 per share and will result in Hindustan Lever Ltd's stake in HLCL coming down to 50 percent. FIIs have acquired about 59 percent of the offer while domestic institutions and mutual funds have taken 41 percent. (khr)

Comment:

Foreign institutional investors (FIIs) and domestic institutions and funds have acquired a 9.6 percent stake in Hind Lever Chemicals Ltd (HLCL) after a private placement of 2,225,600 equity shares worth Rs102.38 crore by the company.

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
Hind Lever Chemicals Ltd.

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KERALA CHEMICALS & PROTEIN

Article Abstract:

Kerala Chemicals & Proteins Ltd is offering shares on a rights basis at Rs75 per share in the ratio of one equity share for every share held. This is to part-finance its Rs77.93 crore gelatine project which is scheduled to start production in October 1998. The company has already invested Rs48.38 crore on the project. Its paid-up capital will increase to Rs8.40 crore from Rs4.20 crore at present after the proposed issue. (khr)

Comment:

Offers shares on rights basis at Rs75 per share in the ratio of one equity share for every share held

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
Kerala Chemicals and Proteins Ltd.

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Subjects list: Chemicals, India, Article
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