<?xml version="1.0" encoding="UTF-8"?>
<!-- generator="wordpress/2.3.1" -->
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	>

<channel>
	<title>Indian Stock Market News, Information, Tips, Investment, IPO Details, Analysis Report</title>
	<link>http://www.indianstockmarketinvestment.com</link>
	<description></description>
	<pubDate>Mon, 03 May 2010 09:13:33 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.3.1</generator>
	<language>en</language>
			<item>
		<title>Tara Health Foods Revises IPO Price on Bad Response</title>
		<link>http://www.indianstockmarketinvestment.com/tara-health-foods-revises-ipo-price-on-bad-response/</link>
		<comments>http://www.indianstockmarketinvestment.com/tara-health-foods-revises-ipo-price-on-bad-response/#comments</comments>
		<pubDate>Mon, 03 May 2010 09:13:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<category><![CDATA[Tara Health Foods IPO]]></category>

		<category><![CDATA[Tara Health Foods IPO News]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/tara-health-foods-revises-ipo-price-on-bad-response/</guid>
		<description><![CDATA[Tara Health Foods, a producer of edible oil and cattle/poultry feed, has extended the closing date for its one crore equity shares IPO, due to lukewarm response from investors. The issue, which was supposed to close on April 30, has been subscribed just 3% so far, as per data available on the NSE website.
The company [...]]]></description>
			<content:encoded><![CDATA[<p>Tara Health Foods, a producer of edible oil and cattle/poultry feed, has extended the closing date for its one crore equity shares IPO, due to lukewarm response from investors. The issue, which was supposed to close on April 30, has been subscribed just 3% so far, as per data available on the NSE website.</p>
<p>The company has also revised the price band to Rs 175-185 per share from earlier of Rs 180-190. Now, the issue will be closed on May 5 instead of April 30, 2010.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/tara-health-foods-revises-ipo-price-on-bad-response/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Tara Health Foods (THF) IPO Details</title>
		<link>http://www.indianstockmarketinvestment.com/tara-health-foods-thf-ipo-details/</link>
		<comments>http://www.indianstockmarketinvestment.com/tara-health-foods-thf-ipo-details/#comments</comments>
		<pubDate>Mon, 03 May 2010 09:08:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[IPO]]></category>

		<category><![CDATA[Tara Health Foods]]></category>

		<category><![CDATA[Tara Health Foods IPO]]></category>

		<category><![CDATA[Tara Health Foods IPO Application]]></category>

		<category><![CDATA[Tara Health Foods IPO Details]]></category>

		<category><![CDATA[Tara Health Foods IPO Information]]></category>

		<category><![CDATA[Tara Health Foods IPO News]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/tara-health-foods-thf-ipo-details/</guid>
		<description><![CDATA[Issue Terms
Issue price / Floor Price (Rs)     175-185
Application per share (Rs)     175.00
Minimum investment amount (Rs)     5,250.00
Minimum bid (no of shares)     30 shares and in multiples of 30 thereafter
Maximum Shares for Retail     570-540
Issue Date and Size
Issue opens     28-Apr-10
Issue closes     05-May-10
Listing on     BSE, NSE
Issue size (Rs cr)     175-185
Mkt [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Issue Terms</strong><br />
Issue price / Floor Price (Rs)     175-185<br />
Application per share (Rs)     175.00<br />
Minimum investment amount (Rs)     5,250.00<br />
Minimum bid (no of shares)     30 shares and in multiples of 30 thereafter<br />
Maximum Shares for Retail     570-540</p>
<p><strong>Issue Date and Size</strong></p>
<p>Issue opens     28-Apr-10<br />
Issue closes     05-May-10<br />
Listing on     BSE, NSE<br />
Issue size (Rs cr)     175-185<br />
Mkt cap at issue price (Rs cr)     525.77-555.81</p>
<p><strong>Share on Offer</strong></p>
<p>Lakhs<br />
Total shares offered     100.00<br />
Of above, offered to public     100.00<br />
Post-issue shares     300.44<br />
Post-issue promoters&#8217; holding(%)     66.72</p>
<p><strong>Investor Information</strong></p>
<p>Lead Manager(1)     Atherstone Capital Markets Limited<br />
E-mail     ipo@atherstone.in<br />
Lead Manager(2)<br />
E-mail     N.A.<br />
Registrar     Bigshare Services Private Limited<br />
E-mail     ipo@bigshareonline.com<br />
<strong><br />
Company Contact Details</strong></p>
<p>Company&#8217;s address     3rd Floor, Mall Plaza, Fountain Chowk, The Mall, Ludhiana, Punjab<br />
Pincode     141001<br />
Tel No.     91 0161 5019711<br />
Fax No.     91 0161 5019711<br />
Website     http://www.tarahealthfoods.com</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/tara-health-foods-thf-ipo-details/feed/</wfw:commentRss>
		</item>
		<item>
		<title>SJVN IPO Details</title>
		<link>http://www.indianstockmarketinvestment.com/sjvn-ipo-details/</link>
		<comments>http://www.indianstockmarketinvestment.com/sjvn-ipo-details/#comments</comments>
		<pubDate>Mon, 03 May 2010 08:59:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[IPO]]></category>

		<category><![CDATA[SJVN IPO]]></category>

		<category><![CDATA[SJVN IPO Data]]></category>

		<category><![CDATA[SJVN IPO Details]]></category>

		<category><![CDATA[SJVN IPO Information]]></category>

		<category><![CDATA[SJVN IPO News]]></category>

		<category><![CDATA[SJVN IPO Status]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/sjvn-ipo-details/</guid>
		<description><![CDATA[Issue Terms
Issue price / Floor Price (Rs)     23-26
Application per share (Rs)     23.00
Minimum investment amount (Rs)     5,750.00
Minimum bid (no of shares)     250 shares and in multiples of 250 thereafter
Maximum Shares for Retail     4250-3750

Issue Date and Size
Issue opens     29-Apr-10
Issue closes     03-May-10
Listing on     BSE, NSE
Issue size (Rs cr)     954.50-1079
Mkt [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Issue Terms</strong></p>
<p>Issue price / Floor Price (Rs)     23-26<br />
Application per share (Rs)     23.00<br />
Minimum investment amount (Rs)     5,750.00<br />
Minimum bid (no of shares)     250 shares and in multiples of 250 thereafter<br />
Maximum Shares for Retail     4250-3750<br />
<strong><br />
Issue Date and Size</strong></p>
<p>Issue opens     29-Apr-10<br />
Issue closes     03-May-10<br />
Listing on     BSE, NSE</p>
<p>Issue size (Rs cr)     954.50-1079<br />
Mkt cap at issue price (Rs cr)     9514.24-10755.22</p>
<p><strong>Share on Offer</strong></p>
<p>Lakhs<br />
Total shares offered     4,150.00<br />
Of above, offered to public     4,116.50<br />
Post-issue shares     41,366.26<br />
Post-issue promoters&#8217; holding(%)     89.97</p>
<p><strong>Investor Information</strong></p>
<p>Lead Manager(1)     JM Financial Consultants Pvt Ltd<br />
E-mail     sjvnipo@jmfinancial.in<br />
Lead Manager(2)     IDFC Capital Ltd<br />
E-mail     sjvnl.ipo@idfcsski.com<br />
Registrar     Link Intime India Pvt Ltd<br />
E-mail     sjvnl.ipo@linkintime.co.in</p>
<p><strong>Company Contact Details</strong></p>
<p>Company&#8217;s address</p>
<p>SJVNL, Himfed Building, New Shimla, Himachal Pradesh<br />
Pincode     171009<br />
Tel No.     91 177 267 0741<br />
Fax No.     91 177 267 0542<br />
Website     http://www.sjvn.nic.in</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/sjvn-ipo-details/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Jaypee Infratech IPO Details</title>
		<link>http://www.indianstockmarketinvestment.com/jaypee-infratech-ipo-details/</link>
		<comments>http://www.indianstockmarketinvestment.com/jaypee-infratech-ipo-details/#comments</comments>
		<pubDate>Mon, 03 May 2010 08:55:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[IPO]]></category>

		<category><![CDATA[Jaypee Infratech IPO Details]]></category>

		<category><![CDATA[Jaypee Infratech IPO Information]]></category>

		<category><![CDATA[Jaypee Infratech IPO News]]></category>

		<category><![CDATA[JP Infra IPO]]></category>

		<category><![CDATA[JP Infra IPO Status]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/jaypee-infratech-ipo-details/</guid>
		<description><![CDATA[Issue Terms
Issue price / Floor Price (Rs)     102-117
Application per share (Rs)     102.00
Minimum investment amount (Rs)     5,100.00
Minimum bid (no of shares)     50 shares and in multiples of 50 thereafter
Maximum Shares for Retail     950-850
Issue Date and Size
Issue opens     29-Apr-10
Issue closes     04-May-10
Listing on     BSE, NSE
Issue size (Rs cr)
Mkt cap at [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Issue Terms</strong><br />
Issue price / Floor Price (Rs)     102-117<br />
Application per share (Rs)     102.00<br />
Minimum investment amount (Rs)     5,100.00<br />
Minimum bid (no of shares)     50 shares and in multiples of 50 thereafter<br />
Maximum Shares for Retail     950-850</p>
<p><strong>Issue Date and Size</strong></p>
<p>Issue opens     29-Apr-10<br />
Issue closes     04-May-10<br />
Listing on     BSE, NSE</p>
<p>Issue size (Rs cr)<br />
Mkt cap at issue price (Rs cr)     N.A.</p>
<p><strong>Share on Offer</strong></p>
<p>Lakhs<br />
Total shares offered     N.A.<br />
Of above, offered to public     N.A.<br />
Post-issue shares     N.A.<br />
Post-issue promoters&#8217; holding(%)     N.A.</p>
<p><strong>Investor Information</strong></p>
<p>Lead Manager(1)     Morgan Stanley India Company Pvt Ltd<br />
E-mail     jil_ipo@morganstanley.com<br />
Lead Manager(2)     DSP Merrill Lynch Limited<br />
E-mail     jil.ipo@baml.com<br />
Registrar     Karvy Computershare Pvt Ltd<br />
E-mail     einward.ris@karvy.com</p>
<p>Company Contact Details</p>
<p><strong>Company&#8217;s address</strong></p>
<p>Sector 128, District Gautam Budh Nagar, Noida, Uttar Pradesh</p>
<p>Pincode     201 304<br />
Tel No.     91 120 4609 000<br />
Fax No.     91 120 4609 783</p>
<p>Website     http://www.jaypeeinfratech.com</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/jaypee-infratech-ipo-details/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Today Sensex Down -357.54 and Nifty Down -108.20 Points</title>
		<link>http://www.indianstockmarketinvestment.com/today-sensex-down-35754-and-nifty-down-10820-points/</link>
		<comments>http://www.indianstockmarketinvestment.com/today-sensex-down-35754-and-nifty-down-10820-points/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 11:31:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/today-sensex-down-35754-and-nifty-down-10820-points/</guid>
		<description><![CDATA[Today Sensex Down -357.54 and Nifty Down -108.20 Points
Today&#8217;s top gainers were Spice Tele, Genesys, HGSL, HOCL, Suprajit &#38; losers were DLF, Reliance Infra, Unitech, Sail, Reliane Capital.
]]></description>
			<content:encoded><![CDATA[<p>Today Sensex Down -357.54 and Nifty Down -108.20 Points</p>
<p>Today&#8217;s top gainers were Spice Tele, Genesys, HGSL, HOCL, Suprajit &amp; losers were DLF, Reliance Infra, Unitech, Sail, Reliane Capital.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/today-sensex-down-35754-and-nifty-down-10820-points/feed/</wfw:commentRss>
		</item>
		<item>
		<title>FM Meets Bankers - PSBs See 100-200 BPS Rate Cut</title>
		<link>http://www.indianstockmarketinvestment.com/fm-meets-bankers-psbs-see-100-200-bps-rate-cut/</link>
		<comments>http://www.indianstockmarketinvestment.com/fm-meets-bankers-psbs-see-100-200-bps-rate-cut/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 11:21:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/fm-meets-bankers-psbs-see-100-200-bps-rate-cut/</guid>
		<description><![CDATA[After the acting Finance Minister Pranab Mukherjee met with the heads of various public-sector banks, expectation is rife that bankers may cut rates in response to the rate cuts effected by the Reserve Bank of India (RBI).
The acting Finance Minister, along with the Deputy Governor of RBI, said the meeting was aimed at looking for [...]]]></description>
			<content:encoded><![CDATA[<p>After the acting Finance Minister Pranab Mukherjee met with the heads of various public-sector banks, expectation is rife that bankers may cut rates in response to the rate cuts effected by the Reserve Bank of India (RBI).</p>
<p>The acting Finance Minister, along with the Deputy Governor of RBI, said the meeting was aimed at looking for solutions to counter the adverse impact of the uncertainty in the global economy.</p>
<p>Mukherjee said that there is a need to concentrate on domestic demand creation. &#8220;We must support the development of those sections, which will immediately boost growth and throw up employment opportunities. In view of contracting global demand, we have to focus on development of domestic demand by primarily stimulating demand in the rural areas and in highly labour-intensive sectors,&#8221; he said.</p>
<p>After the Reserve Bank of India cut rates, banks have, for long, been expected to follow suit and cut their benchmark rates. Finance Secretary Arun Ramanathan said he expected bank to cut deposit rates.</p>
<p>Emerging from the meeting, KC Chakrabarty, the CMD of Punjab National Bank, said the bank has already cut the primary lending rates and that should translate into reduced home lending rates. He further added that the bank will cut rate as inflation falls. According to him, there is a scope for 200 basis points reduction in lending and deposit rates. UCO Bank CMD SK Goel also said he saw a scope for a 100-200 bps reduction in lending and deposit rates.</p>
<p>There were also reports that Corporate Bank will reduce deposit rates from tomorrow by 50-75 bps. Reports added that bank will reduce lending rates in retail sector by 50-100 bps.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/fm-meets-bankers-psbs-see-100-200-bps-rate-cut/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Edserv Softsystems (ES) IPO Details</title>
		<link>http://www.indianstockmarketinvestment.com/edserv-softsystems-es-ipo-details/</link>
		<comments>http://www.indianstockmarketinvestment.com/edserv-softsystems-es-ipo-details/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 09:23:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[IPO]]></category>

		<category><![CDATA[Edserv Softsystems IPO]]></category>

		<category><![CDATA[Edserv Softsystems IPO Details]]></category>

		<category><![CDATA[Edserv Softsystems IPO Information]]></category>

		<category><![CDATA[Edserv Softsystems IPO Listing]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/edserv-softsystems-es-ipo-details/</guid>
		<description><![CDATA[Issue Terms
Issue price / Floor Price (Rs)     55-60
Application per share (Rs)     55.00
Minimum investment amount (Rs)     N.A.
Minimum bid (no of shares)     N.A
Maximum Shares for Retail     N.A
Issue Date and Size
Issue opens     05-Feb-09
Issue closes     09-Feb-09
Listing on     BSE, NSE
Issue size (Rs cr)
Mkt cap at issue price (Rs cr)     N.A.
Share on [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Issue Terms</strong><br />
Issue price / Floor Price (Rs)     55-60<br />
Application per share (Rs)     55.00<br />
Minimum investment amount (Rs)     N.A.<br />
Minimum bid (no of shares)     N.A<br />
Maximum Shares for Retail     N.A</p>
<p><strong>Issue Date and Size</strong></p>
<p>Issue opens     05-Feb-09<br />
Issue closes     09-Feb-09<br />
Listing on     BSE, NSE<br />
Issue size (Rs cr)<br />
Mkt cap at issue price (Rs cr)     N.A.</p>
<p><strong>Share on Offer</strong></p>
<p>Lakhs<br />
Total shares offered     39.73<br />
Of above, offered to public     N.A.<br />
Post-issue shares     N.A.<br />
Post-issue promoters&#8217; holding(%)     N.A.<br />
<strong><br />
Investor Information</strong></p>
<p>Lead Manager(1)     Keynote Corporate Services Limited<br />
E-mail     N.A.<br />
Lead Manager(2)     Ashika Capital Limited<br />
E-mail     N.A.<br />
Registrar     Karvy Computershare Private Limited<br />
E-mail     N.A.<br />
<strong><br />
Company Contact Details</strong></p>
<p>Company&#8217;s address     Karvy House,46,<br />
Avenue 4, Street No.1,<br />
Banjara Hills, Hyderabad<br />
Pincode     500 034</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/edserv-softsystems-es-ipo-details/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Gemini Engi-Fab (GE06) IPO Details</title>
		<link>http://www.indianstockmarketinvestment.com/gemini-engi-fab-ge06-ipo-details/</link>
		<comments>http://www.indianstockmarketinvestment.com/gemini-engi-fab-ge06-ipo-details/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 09:16:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[IPO]]></category>

		<category><![CDATA[Gemini Engi-Fab IPO]]></category>

		<category><![CDATA[Gemini Engi-Fab IPO Details]]></category>

		<category><![CDATA[Gemini IPO]]></category>

		<category><![CDATA[Gemini IPO Information]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/gemini-engi-fab-ge06-ipo-details/</guid>
		<description><![CDATA[Issue Terms
Issue price / Floor Price (Rs)     75-80
Application per share (Rs)     75.00
Minimum investment amount (Rs)     5,625.00
Minimum bid (no of shares)     75 and in multiples of one equity share thereafter
Maximum Shares for Retail     1275-1200

Issue Date and Size
Issue opens     03-Feb-09
Issue closes     06-Feb-09
Listing on     BSE, NSE
Issue size (Rs cr)     [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Issue Terms</strong><br />
Issue price / Floor Price (Rs)     75-80<br />
Application per share (Rs)     75.00<br />
Minimum investment amount (Rs)     5,625.00<br />
Minimum bid (no of shares)     75 and in multiples of one equity share thereafter<br />
Maximum Shares for Retail     1275-1200<br />
<strong><br />
Issue Date and Size</strong></p>
<p>Issue opens     03-Feb-09<br />
Issue closes     06-Feb-09<br />
Listing on     BSE, NSE<br />
Issue size (Rs cr)     41.25-44<br />
Mkt cap at issue price (Rs cr)     88.89-94.82</p>
<p><strong>Share on Offer</strong></p>
<p>Total shares offered     55.00 (Lakhs)<br />
Of above, offered to public     55.00 (Lakhs)<br />
Post-issue shares     118.53 (Lakhs)<br />
Post-issue promoters&#8217; holding(%)     51.40 (Lakhs)</p>
<p><strong>Investor Information</strong></p>
<p>Lead Manager(1)     Almondz Global Securities Limited<br />
E-mail     gemini.ipo@almondz.com<br />
Lead Manager(2)<br />
E-mail     N.A.<br />
Registrar     Karvy Computershare Private Limited<br />
E-mail     gemini.ipo@karvy.com</p>
<p><strong>Company Contact Details</strong></p>
<p>Company&#8217;s address     501, Palm Spring, Link Road,<br />
Next to &#8216;D&#8217; Mart,<br />
Malad (West),<br />
Mumbai.<br />
Pincode     400 064<br />
Tel No.     91-22-28808822<br />
Fax No.     91-22-28808998<br />
Website     http://www.geminief.com</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/gemini-engi-fab-ge06-ipo-details/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Titan - See 12-15% Growth in Watches Segment</title>
		<link>http://www.indianstockmarketinvestment.com/titan-see-12-15-growth-in-watches-segment/</link>
		<comments>http://www.indianstockmarketinvestment.com/titan-see-12-15-growth-in-watches-segment/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 09:11:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<category><![CDATA[titan watch growth]]></category>

		<category><![CDATA[titan watches]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/titan-see-12-15-growth-in-watches-segment/</guid>
		<description><![CDATA[Bhaskar Bhat, MD, Titan, said sales growth in the watches segment picked up in the second half of January. “Thus we expect the watches segment to grow by 12-15% in the coming quarter.&#8221;
Bhat said large format stores have been lagging behind, but added that the company&#8217;s precision engineering division has been growing at a robust [...]]]></description>
			<content:encoded><![CDATA[<p>Bhaskar Bhat, MD, Titan, said sales growth in the watches segment picked up in the second half of January. “Thus we expect the watches segment to grow by 12-15% in the coming quarter.&#8221;</p>
<p>Bhat said large format stores have been lagging behind, but added that the company&#8217;s precision engineering division has been growing at a robust pace.</p>
<p>He, however, said there have been EBIT losses in the others segment on account investments in eyewear business.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/titan-see-12-15-growth-in-watches-segment/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Spice Eyes Satyam but Not Interested in Piecemeal Buyout</title>
		<link>http://www.indianstockmarketinvestment.com/spice-eyes-satyam-but-not-interested-in-piecemeal-buyout/</link>
		<comments>http://www.indianstockmarketinvestment.com/spice-eyes-satyam-but-not-interested-in-piecemeal-buyout/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 09:07:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.indianstockmarketinvestment.com/spice-eyes-satyam-but-not-interested-in-piecemeal-buyout/</guid>
		<description><![CDATA[As prospective bidders for crisis-ridden Satyam Computer Services start lining up, industrialist BK Modi’s Spice Communication joined the fray to buy out the troubled IT firm.
Modi, however, made it clear that the telecom group would be interested in buying out Satyam and that it was not looking at a piecemeal acquisition. He added that he [...]]]></description>
			<content:encoded><![CDATA[<p>As prospective bidders for crisis-ridden Satyam Computer Services start lining up, industrialist BK Modi’s Spice Communication joined the fray to buy out the troubled IT firm.</p>
<p>Modi, however, made it clear that the telecom group would be interested in buying out Satyam and that it was not looking at a piecemeal acquisition. He added that he saw Rs 2,000 crore as a benchmark for Satyam.</p>
<p>“It (Satyam’s price share value) has to between Rs2–Rs 60 depending on the auction price. We will bid in an auction because that will be competitive, [and based on that] the number of shares will be decided,” Modi said, adding that the company did not have any Satyam shares either now or in the past.</p>
<p>Modi also said the Spice had a full team in place for Satyam, in case of a takeover. He added that Spice had written a letter to the Satyam board but had not received a response yet.</p>
<p>“I understand that they (the Satyam board) are meeting on the February 5,” Modi said, adding that Satyam needs an immediate infusion of capital of around Rs 2,000 crore. Money should enter Satyam through preferential allotment of shares, he added.</p>
<p>Spice, Modi added, did not fear liabilities. “We are ready to take some risk on this. We are ready to go on as-and-where basis, provided there is an open auction system. There should be an electronic auction, which is now quite prevalent and is transparent.”</p>
]]></content:encoded>
			<wfw:commentRss>http://www.indianstockmarketinvestment.com/spice-eyes-satyam-but-not-interested-in-piecemeal-buyout/feed/</wfw:commentRss>
		</item>
	</channel>
</rss>
