Tuesday, November 23, 2010

Corporate Snippets

  Lupin has been sued in US over HIV drug. (FE)
±  Gujarat State Petroleum Corporation through a consortium of banks has tied up a Rs30bn term loan to finance its DeenDayal West field in the Krishna Godavari basin. (BS)
±  Jubilant Energy plans to raise US$85mn through institutional placement and plans to get listed on the London Stock Exchange on November 24. (BS)
±  The initial public offer of state-owned Punjab & Sind Bank will hit the market early next month. (BS)
±  Indian Bank has received the Central Bank of Sri Lanka's nod to open its branch at Jaffna in Sri Lanka. (BS)
±  The follow-on public offer of Shipping Corporation of India for Rs13bn would come out on November 30. (BS)
±  Religare Capital Markets, the investment banking arm of Religare Enterprises, has acquired the UK operations of Barnard Jacobs Mellet for an estimated US$40-50mn. (BS)
±  Bharati Shipyard has agreed to acquire 51% equity stake in the Chennai-based Tebma Shipyard for Rs758mn. (BL)

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