- FCCBs converted into equities: Gitanjali
- JSPL,
Rio to tie up for Hlsmelt technology - More mines for Tata’s Kalinganagar Project
FCCBs converted into equities: Gitanjali
Gitanjali Gems Ltd on Friday announced that some of the holders of the company's foreign currency convert ible bonds (FCCBs) have exercised their option to convert these FCCBs into equi ty shares. These FCCB holders have bonds worth $3 million. They have been converted at a price of `220 per share. The current market price of the shares is at 40% premium to the conversion price, a company statement said here.
JSPL, Rio to tie up for Hlsmelt technology
Naveen Jindalled Jindal Steel and Power Ltd (JSPL) on Friday said it has signed a memorandum of understanding (MoU) with global min ing giant Rio Tinto Plc to jointly work for global commercialization of the HIs melt technology to be used in a fully integrated steelmaking facility.
“JSPL will be introducing the HIsmelt technology for the first time in the world other than a pilot plant commissioned in Australia
HIsmelt, short for highintensity smelting, is the world's first commercial direct smelting process for making iron straight from the ore and is fully owned by Rio Tinto.
More mines for Tata’s Kalinganagar Project
The country's largest IT soft ware firm Tata Consultancy Services Ltd (TCS) has earmarked a capital expenditure of `2,300 crore for 201112 financial years. The firm would consider investments or acquisition opportunities in some of the market areas as and when they arise, the company said in a statement to the Bombay Stock Exchange.
(Source -: mintlive.com)