
Thursday, September 23, 1999
ICICI lists on NYSE at 12% premium to ADS price
ICICI Ltd's American Depository Shares (ADSs) opened at a premium at $11 yesterday on the New York Stock Exchange, marking Indian corporates' first listing on the Big Board. The first traded price was 12% above the ADS price.
Zee Telefilms to offer 10 per cent to foreign partner
Zee Telefilms has decided to pursue a media acquisition and a 10% equity stake sale to a foreign strategic partner on preferential basis besides the proposed stock split into lower denominations.
MSEB set to initiate talks with BSES for 495 MW Palghar plan
The MSEB will soon initiate talks with BSES, the Mumbai-based power utility, for setting up 495 mw Palghar project.
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