Aug

11

Fortis Healthcare plans 2-for-5 rights share issue

Filed Under Healthcare, India Business, India Investment Opportunities, Indian Stock Market | Leave a Comment 

Fortis Healthcare, the hospital-chain, is coming up with a 2-for-5 rights share issue. And the subscribers will also be entitled to two detachable warrants.

Announcement Date 24-12-2008
Rights Ratio 2:5
Face Value Rs 10
Premium Rs 100
Record Date 20-08-2009
Ex-Rights Date 18-08-2009

Fortis will price its rights issue at Rs 110 per share, to raise Rs 9.97 billion excluding the warrants, it said in a statement to the stock exchange.

The funds will be used mainly to fund greenfield projects (Medicity Gurgaon), redemption of preference shares, repayment of short-term debt, and for M&A and investment opportunities.

Jul

21

Reliance Capital AGM 2009 Presentation by Anil Ambani

Filed Under Banking, Capital Markets, India Investment Opportunities, Indian Stock Market, Insurance | Leave a Comment 

Following is the transcript of Anil Ambani presentation during today’s Reliance Capital AGM.
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My dear fellow Reliance Capital shareowners,

I am delighted to welcome each one of you to this 23rd Annual General Meeting of our Company. It has been a year of substantial achievements for our company, in the face of one of the toughest global economic downturn ever witnessed in history.

I am delighted to say that we have emerged from the crisis stronger, leaner and even more productive and efficient. We remain one of the most valuable private sector companies in India, and top 3 private sector companies in financial services.

Reliance Capital is today one of India’s fastest growing financial services powerhouses, with well over 17 million customers.

Our customer base, amongst the largest in India in financial services, is spread across 5,000 towns and cities, and served by over 12,000 distribution outlets and over 500,000 business partners.

It gives me great pleasure to inform you that our company is now also a constituent of India’s leading benchmark index – S&P CNX Nifty.

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