Buzzing Stock, Stock CUES, Stock in News, Buy call, RIL, Ispat
RIL – Llyondell Basell (LB) update: CNBC-TV18 Exclusive: Sources
-Working on revised binding proposal for stake in LB
-May look at higher cash payout for strategic stake
-Alternatively a restructuring plan to increase cash flow
-Final offer may be combination of both
-Proposal has to be attractive for creditors to gain support
-Revised valuation for LB still not finalised
-CNBC-TV18 ALERT: LB's own revised proposal is for approximately $8 billion
RIL – SEBI letter: CNBC TV18 exclusive
-MCA orders scrutiny by Registrar Of Co’s after Sebi letter: Sources
-Non-invasive scrutiny to be conducted by RoC;
-Scrutiny on basis of info available in public domain & govt records: Srcs
-MCA to ask for substantial evidence from Sebi & keen on proactive action by Sebi: Srcs
-Alert: RIL issued 1,87,000 NCD’s worth Rs 300 crore in 1994 & 120 million equity shares in January 2000 on exercise of option warrants
Alert: Sebi asked MCA to look into share allotment, RIL board role & funding
Ispat debt recast
-Lenders give final nod to Ispat Industries debt recast: Srcs
-Total debt of Rs 6,500 crore across 14 lenders
-Lenders approve Ispat Industries 1 MTPA coke oven plant in Raigad
-Promoters asked to pledge 95% shareholding against 100%
-Company to hedge interest risk of its Rs 2000 crore FX loan
-Lenders approve company's Rs 500 crore QIP
-Company aims to complete coke oven plant project by December 2011
CNBC-TV18 ALERT:
-Coke Oven Plant an SPV, in JV with Stemcor
-IDBI Bank, ICICI Bank & IFCI lead arrangers
A Raja Says
-4 slots of 3G to be auctioned
-Slots to be allocated by August 2010
-All slots to be given at same time
-3G Auction to be conducted as per schedule; scheduled for January 14
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