Stocks to watch: Wipro, Reliance Communications, Titan Industries, NTPC
More than a month after putting its biggest global assets up for sale, Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network.
By ET Bureau |
MUMBAI: Three months after it acquired some businesses of Yardley, Wipro Consumer Care and Lighting is in advanced talks to buy another offshoot of UK’s Lornamead group, reflecting the FMCG company’s unwavering ambition to expand globally through takeovers.
More than a month after putting its biggest global assets up for sale, Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. Sources close to the deal said Reliance Comm had already extended an initial deadline of late-January for submissions once, but had still attracted little interest for the deal seeking $3 billion.
Titan Industries is set to open a new watch assembly facility in Pantnagar in Uttarakhand by February or March 2010m, say reports.
The follow-on public offering of NTPC will open for subscription today. The floor price for the FPO of 412,273,220 equity shares of Rs 10 each has fixed at Rs 201 per share. The issue closes February 5.
More than a month after putting its biggest global assets up for sale, Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. Sources close to the deal said Reliance Comm had already extended an initial deadline of late-January for submissions once, but had still attracted little interest for the deal seeking $3 billion.
Titan Industries is set to open a new watch assembly facility in Pantnagar in Uttarakhand by February or March 2010m, say reports.
The follow-on public offering of NTPC will open for subscription today. The floor price for the FPO of 412,273,220 equity shares of Rs 10 each has fixed at Rs 201 per share. The issue closes February 5.
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