Dalmia Cement (Bharat) has raised its stake in OCL India to 45.4% from 21.7% percent earlier, in an all cash deal. Dalmia Cement bought 13.46 mn shares, or 23.66%, of OCL India at INR131.83 per share.
Dalmia Cement (Bharat) Ltd. Of India manufactures cement, clinker and sugar. The manufacture and sale of sugar accounts for a [...]
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[DCB IN] Dalmia Cement :: increases in OCL India from 21.7% to 45.4%
[SUEL IN] Suzlon Energy :: unit gets 295 mW wind farm contract
Suzlon Energy’s units REpower System AG has received a contract for the order from German utility RWE Innogy to deliver 48 wind turbine farm projects. Suzlon Energy holds a 90.71% stake in REpower System AG. The 48 wind turbines of the model REpower 6M have a total capacity of 295 mW and have to be [...]
Singapore :: December industrial production up 14.4% YoY, 18% MoM
Singapore’s industrial production rose by 14.4% YoY (and by seasonally adjusted 18% over November). In November output fell by 9.5% YoY (and a revised 4.6% MoM).
[006400 KS] Samsung SDI :: 4Q 2009 OI misses forecast on higher depreciation, weaker prices
Samsung SDI, South Korean maker of lithium-ion batteries and plasma display panels, reported a modest 8.8% YoY decline in 4Q 2009 OI to KRW46.7 bn ($40.6 mn
[601179 CH] China XD Electric :: Shanghai IPO seeking $1.5 bn
Xi’an-based China XD Electric, China’s largest maker of largest high-voltage electrical infrastructure equipment aims to raise Rmb10.27 bn ($1.5 bn) from a Shanghai initial public offering (IPO) of 1.37 bn A-shares in a price range of Rmb7.10 – 7.90 per share. At implied 2008 P/E of 30.7 – 34.2 its valuation is relatively attractive versus [...]