AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
India: Satyam Infoway plan set for okay (466).
Anita Mani
Shaji Vikraman
NEW DELHI, Aug. 28
THE Finance Ministry is set to clear a proposal of Satyam Infoway to enhance the size of its proposed American depository receipts (ADRs) offering to $100 millions.
The proposal of another Chennai-based company, Pentafour Software, for issuing ADRs is also under Finance Ministry consideration. Pentafour is planning to raise $60 millions through the offering.
Satyam Infoway, promoted by the Hyderabad-based Satyam Computers, had earlier obtained the Foreign Investment Promotion Board (FIPB) approval for raising up to $50 millions through an issue of ADRs. The additional funds would be …
-
- India: Satyam Info seeks nod to issue $115-m ADS.
-
News wire article from: Business Line
December 21, 1999
700+ words
-
- India: Tata Tea GDR issue to get Ministry nod.
-
News wire article from: Business Line
January 19, 2000
700+ words
-
- India: Dishnet plans ADR issue.
-
News wire article from: Business Line
February 9, 2000
700+ words
-
- Stake in cos listed abroad can be shed via ADR/GDRs.
-
News wire article from: Asia Africa Intelligence Wire
August 5, 2002
700+ words
-
- India: Raise valuation cap: IT cos.
-
News wire article from: Business Line
December 29, 1999
700+ words
