Quick view : Eon Electric to list demerged unit soon

Jun 07 2012, 03:08 IST
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SummaryEon Electric on Wednesday said it would list its demerged entity, Advance Metering Technology, on stock exchanges in the next couple of weeks.

Eon Electric to list demerged unit soon

Eon Electric on Wednesday said it would list its demerged entity, Advance Metering Technology, on stock exchanges in the next couple of weeks. Eon Electric, formerly known as Indo Asian Fusegear, in April this year demerged its power generation and energy meter businesses into a separate companycalled Advance Metering Technology. The move followed suspension of trading for Eon Electric scrip on the BSE. It would resume trading on Thursday.

Samara Capital buys 18% stake in Monte Carlo

US-based private equity fund Samara Capital has acquired a minority stake of 18% in Ludhiana-based Monte Carlo Fashions, part of the Nahar Group, for R175 crore. “Private equity firm Samara Capital has acquired minority stake in Monte Carlo Fashions for R175 crore,” Oswal Woollen Mills, executive director, Dinesh Gogna said on Wednesday.

HDFC allots 33,300 shares in exchange of warrants

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United Phosphorus NCD issue closes

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