Corporate Actions
Reliance MediaWorks Rights Issue
TweetThe Indian film company Reliance MediaWorks has announced plans for a rights issue to raise Rs.500 crore (around £67million). The rights issue will mostly be used to raise cash to pay of debts which have built up over the last few years as a result of various projects including 550 new BIG Cinemas worldwide. Reliance... Stock market news »
Rajapalayam Mills Bonus Issue Announced
TweetRajapalayam Mills (Public, BOM:532503) has announced that it plans to process a 100% bonus issue (1 new share for every share held) to increase liquidity of its stock. The bonus issue will be voted on at the next annual general meeting. They have also announced that the dividend payment for this year will be Rs.15 per share,... Stock market news »
Vikash Metal & Power Rights Issue
TweetVikash Metal & Power have announced to that they plan to have a rights issue to raise funds for the development of a new plant. The rights issue is still yet to be agreed. The next board meeting on the 30th May 2011 will discuss the options further. Akkash Patni, executive director of Vikash... Stock market news »
Bank of India $1.7 Billion Rights Issue
TweetThe Bank of India’s board of directors have agreed that a rights issue to raise 77 billion rupees ($1.7 billion) should go ahead. The Bank of India will release 180 million new shares by offering current shareholders the right to take up new shares. They are also arranging a Placement of shares by contacting... Stock market news »
Ulster Bank Dutch Auction Tender Offer for Celtic Residential 9 Notes
TweetUlster Bank has announced a buy back plan by way of a Modified Dutch Auction Procedure. It is hoping to buy back EUR1.7 billion of its notes from bondholders. Due to the market conditions at the moment Ulster Bank is able to buy back some of its notes below par value. It can benefit... Stock market news »
Premier Breweries Rights Issue To Raise N800 Million
TweetPremier Breweries of Nigeria has announced plans to raise N800 million (about £3.14m) by way of a rights issue. The money is required to allow it to start operations again. It closed down in the 1990s due to mis-management and too much interference from government politicians. The rights issue aims to sell an additional 867,680,940 ordinary... Stock market news »
Sri Lanka’s Commercial Bank of Ceylon Rights Issue
TweetSri Lanka’s Commercial Bank of Ceylon is planning to raise 9.7 billion rupees (equiv. $88 dollars) by way of a rights issue. It says that the purpose of the rights issue is to raise funds for business expansion. The rights issues will be followed by a stock split to lower the share price and increase the... Stock market news »
AKVA group ASA Rights Issue
TweetAKVA group ASA (“AKVA”) is planning to release new shares to the stock market by means of a rights issue. AKVA has announced that it wishes to raise capital for investments in development of the company’s core products and core lines of business. Terms of the Rights Issue AKVA is releasing 8,611,434 new shares at... Stock market news »
Rolls-Royce Group – Restructure
TweetRolls Royce have announced that they are performing a company restructure today. For each share held in Rolls-Royce Group plc (ordinary shares of 20p) shareholders will receive 1 new share of Rolls-Royce Holdings plc. in replacement. Effective Date: 23rd May 2011 Old: Rolls-Royce Group ISIN GB0032836487 New: Rolls-Royce Holdings ISIN GB00B63H8491 The value of your... Stock market news »
Commerzbank EUR5.3 Billion Rights Issue
TweetCommerzbank is hoping to raise EUR5.3 billion by means of a rights issue. Commerzbank plans to offer 2.44 billion new shares at a price of EUR2.18 each. This represents a 45 percent discount. Shareholders will be able to subscribe to 10 new shares for every 11 held. The sub-rights will be trading from the 24th of May until... Stock market news »
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