Stocks in News

by khalid on 15/01/2010 · 0 comments

Bull Eye

Bull's Eye

GTL Infra The company announced the acquisition of Aircel’s 17,500 telecom
towers for Rs 8400 crore and will raise the money through a mix of debt and equity. The transaction is expected to be funded by fresh equity of Rs 3400 crore and up to Rs 4500 crore through debt funded by consortium of banks syndicated by SBI Caps. With Aircel’s acquisition, GTL’s tower count will touch 32,500 by May 2010, by when the deal is expected to be completed. In addition to the existing towers, Aircel had also committed to 20,000 more towers over the next three years. GTL Infra is then expected to have a portfolio of more than 50000 towers across India.
Impact on Bull : Positive

Era Infra The company has bagged a Rs 1659-crore National Highway
Authority of India road project. The company would develop a four lane highway from Muzaffarpur to Hardwar for Rs 1007 crore and another four lane road from Hardwar to Dehradun
for Rs 652 crore.
Impact on Bull : Positive

Engineers India The government has approved the sale of a 10% stake in
the company through follow-on public offer route. It also approved the issue of two bonus shares for every share of the company before the launch of the public offer.
Impact on Bull : Positive

Reblog this post [with Zemanta]
Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: