New Delhi: The Cabinet has allowed state-run companies to buy back shares and participate in the government's divestment programme. "The Cabinet Committee on Economic Affairs has approved the buy back proposal," Minister of Heavy Industries Praful Patel said. The government is far short of meeting its target of raising Rs 40,000 crore through stake sales in the current fiscal year ending in March. Sources say only PSU with surplus cash...
12:27 PM, Mar 01, 2012
Bharti Group bought back 4.99 per cent direct stake from UK's Vodafone at an estimated $1.4 billion. ...11:41 PM, Jul 18, 2007
Sunil Mittal's Bharti Group would acquire 5.6 per cent direct stake held by Vodafone for $1.6 billion. ...01:55 PM, Feb 12, 2007
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
