LIVE MARKET TRACKER :   BSE SENSEX   31528.45      |    NSE NIFTY 9840.85    
GLOBAL MARKETS :  NASDAQ 6370.5898   -0.8765%    |    FSI London 7286.38   -0.20%    |    NIKKEI Japan 20330.19   -0.33%
  USD GBP EUR CAD AUD INR
USD - 0.7411 0.8459 1.2384 1.2623 65.4600
GBP 1.3496 - 1.1412 1.6713 1.7035 88.2035
EUR 1.1825 0.8762 - 1.4645 1.4927 77.2901
CAD 0.8077 0.5986 0.6826 - 1.0197 52.8080
AUD 0.7922 0.5872 0.6702 0.9812 - 51.7810
INR 0.0153 0.0113 0.0129 0.0190 0.0194 -
Indian-Commodity  :  Corporate  :  Singtel to acquire shares of Intouch Holdings and Bharti Telecom from Temasek

Singtel to acquire shares of Intouch Holdings and Bharti Telecom from Temasek (18-Aug-2016)

Singtel entered into conditional share purchase agreements with Temasek to acquire 21% of Intouch Holdings Public Company and 7.39% of Bharti Telecom promoter company of Bharti Airtel for a total consideration of S$2.47 billion. The acquisitions will be settled fully in cash.

This transaction will be funded through internal cash, short-term debt and proceeds from a share placement of 386 million new Singtel shares to Temasek totalling S$1.605 billion at a price of S$4.16 per new share. The acquisitions of the stakes in Intouch and Bharti Telecom, as well as the share placement are subject to minority shareholder and regulatory approvals. The acquisitions and share placement are interdependent and have to close at the same time.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
 


Top News Today
Maruti Suzuki's - WagonR scales unique feat of cumulative two-million sales
(26-Sep-2017)

Maruti SuzukiMaruti Suzuki's popular car, WagonR has scaled the unique feat of two-million sales in cumulative wholesales. Launched in 1999, WagonR continues to feature among the top five best selling cars in the country......click on news to read complete article.

SEBI imposes Rs 4 lakh penalty on Swagruha Infrastructure
(26-Sep-2017)

SEBI imposes Rs 4 lakh penalty on Swagruha InfrastructureMarkets regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 4 lakh on Swagruha Infrastructure (SIL) for failing to make requisite disclosures for 11 straight years.As per......click on news to read complete article.

Godrej Properties raises Rs 500 crore on private placement basis
(26-Sep-2017)

Godrej Properties raises Rs 500 crore on private placement basisGodrej Properties has raised Rs 500 crore on private placement basis. The Committee of Directors at the meeting held on September 25, 2017 had issued and allotted Unsecured Non-Convertible Debentures (NCDs)......click on news to read complete article.

International Stock News
US markets closed lower on North Korea's threat
(26-Sep-2017)

US markets closed lower on North KoreaThe US markets closed lower on Monday, on the back of a fresh flare up in tensions between the US and North Korea and a sharp decline in technology shares. North Korean foreign minister Ri Yong Ho, speaking......click on news to read complete article.

Asian markets trade mostly lower in early deals on Monday
(25-Sep-2017)

Asian markets trade mostly lower in early deals on MondayMost of the Asian equity benchmarks are trading down in the early deals on Monday, following the lackluster cues from Wall Street and concerns about China's economy. Investors digested election results......click on news to read complete article.

US markets end flat on geopolitical concerns
(23-Sep-2017)

US markets end flat on geopolitical concernsThe US markets ended the lackluster session near their neutral lines on Friday on geopolitical concerns amid an escalating war of words between North Korean leader Kim Jong Un and President Donald Trump.......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.