| FII-TO-FII: Grasim Ind traded at 4% premium | 17-NOV-09 |
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| Trades between FIIs generated a volume of Rs 63 crore on the BSE Monday-an decrease of 12% from Rs 72 crore clocked on Friday. As many as four stocks witnessed trades of 9.14 lakh shares on Monday. |
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| UltraTech board okays merger | 16-NOV-09 |
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| Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement, Grasim’s other subsidiary, on July 1, 2010. The merger, to be completed by September, will result in the world’s 10th largest cement maker. |
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| FII-TO-FII TRADES: PNB traded at 6% premium | 13-NOV-09 |
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| Trades between FIIs generated a volume of Rs 52 crore on the BSE Thursday-an decrease of 30.81% from Rs 75 crore clocked on Wednesday. As many as five stocks witnessed trades of 13 lakh shares on Thursday. |
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| 'Arbitrator cannot properly deal with malpractice allegations' | 09-NOV-09 |
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| The Supreme Court (SC) has stated when there are serious allegations of malpractices and manipulation of accounts of a firm, the dispute cannot be properly dealt with by an arbitrator. It would be appropriate to let the civil court decide. In this case, N Radhakrishnan vs M/s Maestro Engineers, partners in the firm split and one of them wanted his share to be paid after resignation. However, there were disputes on the amounts due. The partner wanted arbitration which was denied by the district court. He appealed to the SC which dismissed his plea. It said when there are allegations of manipulation of accounts, fraud, misrepresentation and similar charges, it would not be proper to refer all these to an arbitrator. Therefore, the case was remitted to the civil court in Coimbatore. |
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| FII-TO-FII TRADES: PNB traded at 6% premium | 05-NOV-09 |
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| Trades between FIIs generated a volume of Rs 107 crore on the BSE Wednesday-an decrease of 57.09% from Rs 249 crore clocked on Tuesday. As many as six stocks witnessed trades of 28 lakh shares on Wednesday. |
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| Grasim Q2 net up 60.5% | 30-OCT-09 |
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| Grasim Industries, part of the Aditya Birla group, has posted a rise of 60.51 per cent in its consolidated net profit at Rs 780.77 crore for the quarter ended 30 September compared with Rs 486.43 crore in the previous corresponding quarter. The company’s net sales during the period grew to Rs 4,682.28 crore from Rs 4,449.04 crore last year, up 5.24 per cent. |
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| FII-TO-FII TRADES: PNB traded at 6% premium | 30-OCT-09 |
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| Trades between FIIs generated a volume of Rs 42 crore on the BSE Thursday-an increase of 19.35% from Rs 35 crore clocked on Wednesday. As many as five stocks witnessed trades of 8.11 lakh shares on Thursday. |
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| Markets head higher | 26-OCT-09 |
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| The Sensex is quoting at 16,899, up 89 points and the Nifty is at 5026, up 29 points. |
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| Concrete move | 12-OCT-09 |
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| Grasim Industries’ decision to restructure its cement assets into a separately listed entity, with the ultimate aim of merging it with UltraTech’s cement business, is seen in a positive light. However, while the deal looks beneficial from a long-term perspective, analysts believe that there are no immediate gains. But, they expect shareholders of UltraTech Cement to gain marginally from a possible re-rating in the near-term. |
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| FII-TO-FII TRADES: PNB traded at 4% premium | 09-OCT-09 |
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| Trades between FIIs generated a volume of Rs 83 crore on the BSE Thursday-an increase of 3.89% from Rs 80 crore clocked on Wednesday. As many as five stocks witnessed trades of 13 lakh shares on Thursday. |
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| 'Restructuring will help us re-rate Grasim, Ultratech' | 07-OCT-09 |
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| The merger of the cement businesses of the Aditya Birla Group will create the world’s 10th largest cement maker and also India’s largest. Chairman Kumar Mangalam Birla says Grasim will be the promoter firm for the combined entity, with 55-65 per cent stake, and later look for creeping acquisition to increase the promoter holding. Birla also spoke about plans for the group’s other companies, Aditya Birla Nuvo, Aditya Birla Financial Services and Hindalco. |
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