Thursday, February 25, 2010

Corporate Snippets

SBI to raise Rs200bn via right issue; needs over Rs500bn capital in the next five years. (ET)


ONGC is looking to enhance its presence in Africa and Latin America. (ET)


Wipro wins 10-year outsourcing deal from Punjab and Sind Bank. (BS)


SBI to buy significant stake in Tata Motor Finance says SBI chairman. (ET)


Bharti Airtel eyes US$7bn offshore loans to back its offer to buy Zain’s African cellular assets. (BS)


Government puts on hold the IPO of Satluj Jal Vidyut Nigam following poor response to the FPO of NTPC and REC. (ET)


Rahul Bajaj sells stake in Bajaj Electrical to Shekhar Bajaj. (BS)


ITC plans to foray the food market of UAE and Gulf Co-operation Council. (BS)


Mindtree to raise debt upto US$100mn. (BS)


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