Tags:
Journalism of Courage
Zee shareholders approve ADR issue
The firm has said the funds would be used quot;to develop its leadership position in the media industry by growing existing business lines and developing related business lines, particularly in the Internet/New media sector.quot; Zee shares closed eight percent or Rs 72.55 higher at Rs 979.70 on the Bombay Stock Exchange on Monday.
Biopac plans Rs 4.03 cr IPO
Biopac India Corporation Ltd BICL will enter the market with its maiden initial public offering IPO of 40,30,000 lakh shares at par to raise Rs 4.03 crore. Proceeds from the issue will be utilised to retire the company8217;s high cost debt and fund the long term working capital requirements, BICL chairman Harish Doshi said. With this issue the stake of the core promoters would come down to 66 per cent from the present 70.74 per cent. The shares to be listed on the Bombay and Ahmedabad Stock Exchanges, will open on April 18, 2000.
chemB.com inaugurated
MUMBAI: ChemBazaar Online Pvt Ltd has formally inaugurated its online buying and selling of chemicals at chemB.com 8211; a site funded by Indocean Chase Capital Advisors Pvt Ltd. chemB.com was soft launched last month, with major chemical manufacturers such as NOCIL, Mafatalal Industries, Reliance,ICI, Bayer, Indian Glycols, Vam Organics, Coastal Wartsila, among the 30 manufacturers having registered on the site.By the end of April over 80 major chemical manufacturers along with a host of chemical trading firms will join the network for online trading on the site. A unique feature of this e-commerce site is its secure transaction assurance to suppliers and similarly to buyers, at no extra costs.
