MAHINDRA JV BEATS PARENT ON MARKET CAPITALISATION
Article Abstract:
Mahindra British Telecom (MBT) has outperformed its parent, Mahindra & Mahindra (M&M), in terms of market capitalisation. On August 13, 1998, M&M had a market capitalisation of Rs1,555 crore at Rs150.40 per share. The market capitalisation of MBT was Rs1,500-1,700 crore. MBT is a 60:40 joint venture of M&M and British Telecom Plc. It is expected to post sales of Rs200 crore during 1998-99. It is also expected to make a net profit of Rs50 crore during 1998-99. MBT is a software venture. (ag)
Comment:
Is expected to post sales of Rs200 crore and net profit of Rs50 crore during 1998-99
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
KOTAK SECURITIES TO SET UP UNIT IN US
Article Abstract:
Kotak Securities Limited (KSL) plans to set up a wholly- owned subsidiary in USA. This subsidiary will offer distribution services to the global customers in shares traded in both Indian stock markets and global depository receipts (GDRs). The subsidiary will begin its operations after getting clearance from the Government of India. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: RANBAXY, CIPLA JOIN HANDS TO MARKET SELECT DRUGS. ORCHID CHEM TO SET UP Rs50-CRORE PLANT IN TN
- Abstracts: NAVARATNAS LOSE 23% OF MARKET CAP. SIV CONTAINS H1 LOSS NET LOSS AT Rs42.74 CR. SIV INDUSTRIES
- Abstracts: INTER CONTINENTAL, SANJAY KHAN TO SET UP HEALTH RESORT NEAR BANGALORE KODAK OPENS PROCENTER IN BANGALORE
- Abstracts: HUTCHISON MAX MERGES CELL, PAGING OPERATIONS TELSTRA TO TIGHTEN HOLD ON INDIAN PARTNERSHIP
- Abstracts: MODICARE BEING RECAST, TO FOCUS ON MARKETING MODICARE TO BRING OUT ESSENSUAL. KICL ON CONSOLIDATION COURSE, TO FOCUS ON AGRI-BUSINESS