Sahara One to raise USD 50 mln via FCCBs

Sunday, March 18, 2007, 16:58 [IST]

New Delhi, Mar 18: Sahara One Media&Entertainment Ltd will raise resources up to 50 million dollars through Foreign Currency Convertible Bonds (FCCBs).

The company's Board of Directors have given an in-principle approval for raising of resources which also include 20 million dollars approved earlier.

The company which runs the Hindi entertainment channel 'Sahara One', will use to proceeds of the fund to meet its business requirements.

UNI

Topics: MEDIA-SAHARA ONE

Other articles published on March 18, 2007

Atul Auto to raise Rs 20 cr via equity issue

Sunday, March 18, 2007,17:01 [IST]

New Delhi, Mar 18: Atul Auto Ltd, a leading three-wheeler producer, has announced plans to raise Rs 20 crore through issue of equity.The company will issue the equity by way of making preferential allotment, Qualified Institutional Placement route to Qualified Institutional Buyers or Foreign Institutional Investors. The company's Board will meet within a fortnight to consider the proposal.UNI.....

Gujarat Borosil to set up glass plant

Sunday, March 18, 2007,17:52 [IST]

New Delhi, Mar 18: Gujarat Borosil Ltd will invest Rs 40 crore to set up a figured glass plant at Gujarat.The plant, for which the company has received the approval of its board, will be established adjacent to the existing sheet glass plant of the company.The company is in negotiations with a foreign collaborator for technical know-how in this connection.UNI.....

Limitless Updates

Business News

News Archives

Orthodox tea production to go up

Sunday, March 18, 2007,18:06 [IST]

Kolkata, Mar 18: To protect India's share in international tea market and substantially increaee the export volume, the Tea Board has decided to hike the production of Orthodox tea by 40 per cent in phases in next three to four years. This was informed here today by Union minister of State for Commerce and Industries Jairam Ramesh, while speaking to newsmen on the sidelines of a meeting on Corporate Social Responsibility (CSR) to prevent HIV/AIDS in tea gardens......

Arcelor Mittal, Noble combine laser-welded biz

Sunday, March 18, 2007,18:11 [IST]

London, Mar 18: World's largest steel maker Arcelor Mittal said it will combine its laser-welded tailored blanks businesses, TBA, spread across India, China, western and eastern Europe and United States, with that of North America's largest laser-welded steel products producer Noble International, for 300 million dollars.The two companies have entered into a definitive agreement for the purpose.TBA is a leading European manufacturer of tailored blanks. Its business includes eight plants in Europe, one plant in the United.....

Limit on pesticides in soft drinks marked

Sunday, March 18, 2007,18:16 [IST]

New Delhi, Mar 18: A high-level expert committee appointed by the Union Health Ministry to go into the issue of fixing of maximum limit of pesticides in soft drinks, has recommended that there should not be more than one Part Per Billion (PPB) of residue of an individual pesticide in the carbonated soft drinks, the Supreme Court has been informed.The government has filed the report of the national level expert group in the apex court which is aimed to.....