Istithmar divests bulk of 13.4-per cent stake in SpiceJet
In what is seen as a direct result of the Dubai financial crisis, the investment arm of the crisis-ridden emirate, Istithmar, divested almost all of its 13.4-per cent stake in budget carrier SpiceJet on Friday for about Rs170 crore in two block deals.
Istithmar sells India SpiceJet stake for $35m
Dubai World’s investment arm, Istithmar, has sold its entire holding in Indian budget airline SpiceJet, the airline’s spokeswoman said on Friday.
Era Infra Engineering converts FCCB’s to 280138 shares
Era Infra Engineering Ltd has announced that the Company has received a Conversion Notice from Elra Capital PLC, London through Citi Bank for converting 10 Foreign Currency Convertible Bond (FCCB) of US$ 1,00,000.
Wockhardt view sought on keeping sale proceeds
The Bombay High Court on Thursday asked troubled drugmaker Wockhardt and its promoters to clarify if they will deposit
the proceeds from sale of the nutrition business in an escrow account, if the court allows it to complete the transaction with Abbott Laboratories.
ECBs and FCCBs Dropped 6% in 2009!
Total approvals received by Indian companies to raise capital by way of external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) have dropped 6% in December 2009 to $1.56 billion as against $1.66 billion in December 2008.
Hedge investors pay up as they wait for cash back
LONDON (Reuters) – Hedge funds clients are still paying lavish fees on $100 billion of money they are unlikely to be able to touch for some time, in a sign of the lingering damage done to the opaque industry during the credit crisis.
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