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Corporate Briefs

Ansal bonus issue

Ansal Properties and Infrastructure has said its board of directors has recommended a bonus issue of 1:1. The company has informed the Bombay Stock Exchange (BSE) that its existing shareholders would receive one equity share of Rs 5 each against every equity share of the same value held, subject to necessary approvals from shareholders. The approval would be sought by voting through postal ballot.

Raj TV

Raj Television Network Ltd is planning to tap the capital market through an initial public offering (IPO) to raise about Rs 91 crore to part-fund its expansion plans, which include setting up a movie studio and starting new channels. “The IPO of 35 lakh shares of a face value of Rs 10 each will be in the price band of Rs 221-257. Post-issue, promoters’ stake in the company would be reduced to 72.5 per cent from 100 per cent,” Raj Television director M. Ravindran said.

L&T move

Larsen and Toubro (L&T) has put in place the last closure pre-cast segment of the second Vivekananda Bridge over the Hooghly in Bengal. By lifting and matching the final 254th segment of the main bridge, the closure has been achieved within the scheduled 34 months, L&T has informed the BSE.

WBSEB

The West Bengal State Electricity Board (WBSEB) has inaugurated two separate 33/11-kv sub-stations at Bira-Joypul in Duttapukur and at Rajarhat. By 2007, there will be 1,570 mw of additional power generation from Sagardighi, Bakreswar, Santaldih and the DPL power plants.

Blue Coat

Zuken, a provider of electronic design automation and computer-aided engineering solutions, has selected Blue Coat SG appliances to transfer large CAD files between its headquarters in Yokohama and its branch office in Nagoya.

Samsung

Samsung Telecommunications India has launched a range of mobile phones — X520, E250 and C140 — with tracking and safety features, such as uTrac, emergency SOS message and privacy lock.

Liv.52

Himalaya Drug Company’s Liv.52 has been ranked fifth among the top 10 best-selling pharmaceutical products in the country, according to an ORG-IMS report.

BSEL Infra

BSEL Infrastructure Realty will construct four residential towers in the UAE, for Rs 1,600 crore. The project has a saleable value of Rs 2,100 crore at current market rates.


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