Fortis revises dates for CERC open offer

Monday, September 3, 2007, 15:22 [IST]

New Delhi, Sept 3: Fortis Financial Services Ltd today said it has revised the open offer to acquire an additional 20 per cent equity stake in Asian CERC Information Technology Ltd at an offer price of Rs 53.45 per share.

Accordingly, Fortis said that the opening date for the offer will be September 14, 2007 while the original date for the opening was October 12. 2006, said a statement.

The closing date for the issue has been fixed at November 4, 2007 as compared to November 1, 2006.

UNI

Topics: fortis financial services, new delhi, asia, information technology

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Palm tops for TTEs for feed on vacant berths

Monday, February 26, 2007,18:53 [IST]

New Delhi, Feb 26: Palm tops will be given to Railway Travelling Ticket Examiners(TTEs) so that they can feed to the Passenger Reservation System (PRS), the information about berths/seats falling vacant at the eleventh hour.Under the existing system, reservation charts are brought out a few hours before the departure of trains. Often due to unforeseen circumstances, several passengers with reservations do not travel, resulting in many berths remaining vacant.Since this information is not fed into the PRS.....