Digital diary

The bidding to determine the price for Hewlett Packard’s acquisition of the 49 per cent public holding in Digital GlobalSoft begins on January 19, at 10am. It will close at 3pm on January 23. Shareowners of Digital should submit their bids to Karvy or ICICI Securities. H-P has offered to pay Rs 750 a share. However, it “reserves the right” to call off the offer if the price determined through the bidding is more than Rs 750 a share.

More MIPs

Birla Sun Life Mutual Fund is planning to launch a monthly income plan in two variants — one aimed at retail savers and the other, at corporate investors. The plan for retail investors will invest around 25 per cent of its corpus in shares. The corporate plan will have a much smaller equity component — say around 5 per cent — and will compete with liquid and debt schemes.