GTL Infrastructure - Allotment of equity shares upon conversion of FCCBs

GTL Infrastructure Ltd has informed BSE that the Committee of Board at its meeting held on February 06, 2008, has considered and approved allotment of 26,67,420 Equity Shares consequent to conversion of FCCBs worth US$ 36,00,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$. 300,000,000 Zero Coupon Convertible Bonds due 2012.

CRISIL IPO grade 3/5 assigned to the IPO REC

Rural Electrification Corporation Ltd is a public sector non-banking finance company (NBFC). REC operates under the administrative control of the Ministry of Power (MoP) and is wholly-owned by the Government of India (GoI). Established in 1969 with the sole objective of financing rural electrification schemes in the country, it services its clients -through a network of 17 project offices spread across India.

For 2006-07, the company's fund-based income and net profits were Rs 28.3 billion and Rs 7.7 billion, respectively. The operating income of the company has grown at a CAGR of 11.4 per cent over the past 5 years, while PAT has grown at a CAGR of 14.5 per cent in the same period.

REC aims to raise Rs 14 billion to Rs 16 billion by this proposed public issue of 156,120,000 equity shares.

Breaking News from Ambani Brothers

Anil Ambani may give RNRL company to Mukesh Ambani.Its not sure message.

Get maximum Profit with minimum loss Buy Nifty Call

To get maximum Profit with minimum loss Buy Nifty Call for this month February of 5600,5800 and 6000 lot size 50.


Nifty 5600 current price 170 target 250

Nifty 5800 current price 98 target 140

Nifty 6000 current price 59 target 100

BUY Yes Bank

Yes Bank Ltd has informed BSE that a meeting of the Capital Raising Committee of the Board of Directors of the Bank will be held on February 05, 2008, to consider raising of funds by way of issuance of up to 2 crore equity shares in one or more tranches by way of QIP and / or Preferential Allotment in accordance with the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

Indian Promoters: 34.09 Institutional Investors: 55.13 General Public: 6.70

Scrip Code : 532648 Company Name : YES BANK

Rel Tower plans IPO to 5,000-6,000 crore

Reliance Power completed the country’s biggest public issue, another company from the group Reliance Telecom Infrastructure (RTIL) is gearing up to raise nearly Rs 5,000-6,000 crore through an initial public offering.

RTIL had 14,000 towers across the country when the first stake sale happened in July. Now, it will end up this financial year with 40,000 towers. Also, it plans to add another 20,000 towers next year.

RTIL is putting in an investment of Rs 16,000 crore this year and is expected to pump in Rs 8,000 crore more next year. It has a minimum of four tenancy slots and it is in the process of upgrading this to host seven tenants by 2009. It expects to reach the one lakh tenancy figure this week.

RTIL, a 95% subsidiary of Reliance Communications (RCOM), sold the stake for Rs 1,400 crore to a host of investors including George Soros, HSBC, Fortress Capital, New Silk, Galleon, DA Capital and GLG Capital in a deal which had put its valuation at Rs 27,000 crore.

Going by the IPO size, the equity valuation of RTIL, a company engaged in the business of building, owning and operating communications towers, will be around Rs 50,000-60,000 crore. This will translate into nearly Rs 250-300 per RCOM share. The RCOM stock closed at Rs 612.15 on Friday on the BSE. When contacted, a spokesperson for the group declined to comment.

BSE launches SENSEXmini DERIVATIVES Contracts

Overview
For the first time in India, Bombay Stock Exchange offers mini Futures and Options contracts on the leading Indian equity Index 'SENSEX ' for retail investors to participate in the ever growing Derivatives market. The SENSEX is the barometer of the Indian Capital Markets and widely tracked in the global financial markets.

Benefits
1. Since mini futures and options have market lot of FIVE, lower capital outlay and lower trading costs
2. Smaller size allows for more precise hedging and flexible trading.
3. Possible arbitrage between existing SENSEX Futures (bigger market lot) & SENSEX mini Futures (market lot 5).
4. SENSEX constitutes 30 leading companies of diverse industries covering 12 broad sectors of the Indian economy. Provides macro view of economy to retail as well as institutional investors.

Security Symbol: MSX Market Lot: 5 Contract Period: 1, 2 & 3 months
Trading Hours: 9:55 a.m. to 3:30 p.m.