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News that Anil Ambani-controlled Adlabs Films has engaged itself with Fame India for a possible takeover put on fire the shares of Mumbai-based multiplex chain. From Wednesday to Friday, shares of Fame India shot up 12.18 per cent as its shares closed at Rs 42.50 a piece on speculation that Adlabs Films was willing to pay a significant premium to the current market price. The buzz was that Adlabs would pay Rs 80 per share, almost double from the prevailing market price. When contacted by Televisionpoint.com, officials of both the companies denied the market speculation. Adlabs spokesperson Anjali Malhotra said, “This is the rumour that has been going on for the last one year. It is absolutely baseless.” Shravan Shroff, managing director, Fame India, said, “There is no truth in the matter. It is just speculation.” […]
The Securities & Exchange Board of India (Sebi) has proposed to increase the shareholding limit for strategic invesors in stock exchange to 15% from the present 5%. Certain categories of investors such as other stock exchanges, depositories, clearing corporations, banks and insurers can now raise their holdings in Indian stock exchanges. The 5% limit will, however, continue to apply for other investors like individuals and companies. As reported by FE earlier, the regulator had been receiving requests from certain quarters that the present limit of 5% is acting as a deterrent for attracting long term anchor, or strategic, investors in stock exchanges. And that it had begun exploring the idea for increasing the stake. […]
Bennett, Coleman & Co Ltd. (BCCL), one of the largest media conglomerates in India and the publisher of Times of India has acquired a stake in Manhattan Communications (India) Private Limited, through Times Private Treaties. Manhattan Communications specializes in total marketing solutions which include advertising, branding, public relations, marketing (media, interactive, ATL, BTL) and events in India. Manhattan Communication boasts a client base which includes some of India’s top brands providing innovative strategies and solutions to meet their marketing objectives from branding to aggressive acquisitions facilitated via traditional methods, guerrilla marketing or innovation. The company is an integrated affiliate of MediaMorphosis Inc., a full service marketing agency located in the United States that specializes in targeting ethnic markets, specifically the growing South Asian Diaspora in North America, UK, and Europe. […]
Arthanomics, the annual finance seminar of the Indian Institute of Management Kozhikode will be held on the 6th and 7th of Septemper, 2008 at the institute’s scenic campus in Kozhikode (Calicut), Kerala. The theme of this year’s seminar is “Mergers and Acquisitions – India Inc. on the prowl”. Mergers and Acquisitions have emerged as a natural process of business restructuring throughout the world. India Inc. too has emerged as an active player in this dynamic scenario. It is in this context that the theme of this year’s seminar is focused on Mergers and Acquisitions. The purpose of the seminar is too look beyond the hype associated with M & A activity, and raise issues and obstacles that Indian companies have to be aware of in these turbulent times. In addition, the summit would also focus on Indian Private Equity and how it is capitalizing on the booming Indian Economy as well as on the changes and dynamics in the Banking and Insurance sector in the Indian context. For more information, please […]
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