Graphite India unlocks surplus real estate in B'lore for Rs 111 cr.

Monday, April 24, 2006, 20:03 [IST]

Mumbai, Apr 24 (UNI) Graphite India Ltd has entered into an agreement with Prestige Group, one of the leading developers in Bangalore for sale of surplus land at Whitefield, Bangalore for Rs 111 crore.

Announcing this to BSE, the company said this transaction would enable it to unlock value in respect of this dormant asset and to utilise the proceeds for meeting the company's future expansion plans. The leveraging capability of Graphite India would also increase significantly enabling it to aggressively pursue fresh opportunities; both organic and inorganic.

Commenting on the transaction, Graphite India Chairman K K Bangur said, ''This transaction is an important milestone in the history of the company. These additional resources would create a strong platform for accelerating the growth process of the company and enhance shareholders value.'' UNI SN PP SKB1936

Other articles published on April 24, 2006

Crisil assigns AAA rating to REC

Monday, April 24, 2006,20:03 [IST]

Mumbai, Apr 24 (UNI) India's premier ratings agency, Crisil, has assigned a ''AAA'' rating to Rural Electrification Corporation's (REC) Rs 120 billion bond programme, stated a press release issued here today. Besides, it has reaffirmed its ''AAA/stable'' ratings to REC's Rs 110-billion bond programme, Rs 90-billion non-convertible debenture programme, Rs 2.25-billion tax-free bond programme, Rs 2.75-billion taxable bond programme and Rs 6-billion short-term debt programme. Other ''AAA/stable'' reaffirmations relate to REC's Rs 44-billion,.....

SBI considering hike in Home Loans by 25 to 50 bps

Monday, April 24, 2006,20:03 [IST]

New Delhi, Apr 24 (UNI) State Bank of India (SBI) is considering an increase in home loan rates by 25 bps to 50 bps (basis points). "We are reviewing our home loan portfolio for both fixed and floating rates. It is difficult to give a time frame when the rates would be changed or the quantum of the increase", SBI CMD A K Purwar told newpersons after a meeting of four Public Sector Bank Chiefs with.....

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Arrangements complete for third phase polling

Monday, April 24, 2006,20:03 [IST]

Kolkata, Apr 24 (UNI) With all arrangements being complete for the third phase of Assembly elections in West Bengal, 500 companies of central para military force jawans today arrived in Kolkata, North 24 Parganas and South 24 Parganas districts where polling will be held on April 27. ''The arrangements have been made on the line of those in the first two phases. Each of the 13790 polling booths will be manned by four para military.....

72 pc polling in Bhaderwah- official

Monday, April 24, 2006,20:03 [IST]

Jammu, Apr 24 (UNI) About 72 per cent voters today exercised their right to franchise in Bhaderwah Assembly constituency of Jammu and Kashmir, Chief Electoral Officer B R Sharma said. Addressing a press conference here this evening, Mr Sharma said the voters per cent could increase as the reports from some polling stations were yet to be compiled. The contest for the Bhaderwah seat is between State Chief Minister Ghulam Nabi Azad of the.....

Notice to Uma-supported candidate in Rae Bareli bypoll

Monday, April 24, 2006,20:03 [IST]

Rae Bareli, UP, Apr 24 (UNI) Apna Dal candidate in the May 8 Rae Baereli parliamentary bypoll Prabha Singh Lodh has been issued a notice by District Magistrate and ex-officio Returning Officer Jitendra Kumar. The Apan Dal nominee is being supported by expelled BJP leader and former Madhya Pradesh Chief Minister Uma Bharti. Ms Lodh has been asked to furnish within 24 hrs, the approval of Chief Election Officer or Chief Election Commissioner over the campaining.....