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This is an archive article published on June 24, 2013

Briefly Business: NMDC unit Legacy Iron Ore announces rights issue

Legacy Iron Ore Limited,the Australian arm of state-owned mining firm NMDC

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NMDC unit Legacy Iron Ore announces rights issue

Hyderabad: Legacy Iron Ore Limited,the Australian arm of state-owned mining firm NMDC,plans to raise A25 million by way of rights issue. NMDC is likely to spend A12.5 million to acquire rights equivalent to its 49.6 per cent stake in Legacy Iron Ore.

SMEs may be allowed to list without IPO

Mumbai: Market regulator Sebi may allow start-up companies and SMEs to get listed on the stock exchanges without launching an Initial Public Offer IPO,but trading in their shares would be restricted to only informed investors.

Govt allows RIL to surrender SEZ

New DelhI: The government has allowed Reliance Industries RIL to surrender its special economic zone SEZ in Haryana. The decision to denotify Reliance Haryana SEZ Ltd,a unit of RIL was taken by Board of Approvals,headed by commerce secretary SR Rao,in its meeting held on June 12. PTI

 

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