Mukesh Ambani acquired a 14.12% stake in EIH Limited for 1,021 crore rupees. The Direct Taxes Code, which was scheduled to take effect in April 2011, will now start a year behind schedule in April 2012, causing the government to lose 53,000 crore rupees in tax revenues. The merger of State Bank of India's five associate banks may be delayed. Gujarat Pipavav Port's initial public offering was oversubscribed 19.46 times and the company is expected to set its issue price at 46 rupees per share within the price band of 42-48 rupees.
1. News for the week ending 2nd September 2010 Prepared by : Bhagat Harman Deep MBA 2 A
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4. State Bank Family may have to wait a while for union The merger of SBI’s remaining five associate banks may delayed. OP Bhatt had said that the bank may raise Rs. 20000 crore through right issue.
5. Gujarat Pipavav may set 46 per share GPPL may will likely to set issue price at 46. Price band is 42-48 It is oversubscribed by 19.46 times
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