ASHAPURA MINECHEM -NOT A BAD BET AFTER ALL
Article Abstract:
Ashapura Minechem Ltd (AML) is a leading mining company. It is tap the capital market with 12 lakh shares. The share price is likely to be Rs170-200. AML hopes to raise Rs20.40-25.20 crore through this issue. The issue is being made to meet the norms of the Securities and Exchange Board of India (Sebi). AML is the largest manufacturer and exporter of betonite in India. It has a paid-up capital of Rs5.99 crore. After the issue, the holding of the promoters in AML will fall from 78.55 percent to 58.55 percent. (gs)
Comment:
Hopes to raise Rs20.40-25.20 crore through issue of 12 lakh shares
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CENTRE PLACES Rs3,000-CR LOAN WITH RBI
Article Abstract:
On October 16, 1998, the Government of India privately placed a fresh loan of Rs3,000 crore with the Reserve Bank of India (RBI). The Government re-issued the 11.40 percent 2000 AD papers, which was the last market auction in September 1998 of dated securities made by the Reserve Bank of India (RBI). RBI is selling these securities at Rs100.05 each. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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