UltraTech Cement: UltraTech’s open offer for India Cements oversubscribed
Mumbai: UltraTech Cement’s open offer for subsidiary India Cements has seen a rare oversubscription, thanks to its high offer price. Less than 5% open offers launched since 2015 in the country have been fully subscribed, data compiled by ET showed. The βΉ390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase…
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Indus Towers shares in focus after Bharti Airtel gets CCI nod to raise stake in co
Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel’s plan to increase its stake in Indus Towers, following the telecom infrastructure company’s share buyback. “The Commission approves an increase in the percentage shareholding of Bharti Airtel Ltd (Bharti Airtel) in Indus Towers…
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