Tuesday, September 28, 1999
Reliance buys Raymond Synth
The Reliance group of the Ambanis has entered into an agreement to acquire the Singhania group flagship Raymond's entire 36% stake in Raymond Synthetics Ltd for Rs 22.33 crore.
Ministry puts pressure on IA to get 50-seater
With Jet Airways acquiring 66 seater aircraft after formal permission from the DGCA the Union Ministry of Civil Aviation is likely to put fresh pressure on IA to acquire the controversial 50-seater aircraft for the north-east.
Zee revises swap ratio, splits share value
Zee Telefilms Ltd has decided on a swap ratio of 1:1 for its merger with Zee Multimedia. With this, the stake of promoters will go up to 70% from around 50% prior to the merger.
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