Saturday, July 24, 1999
Crompton to sell Skycell stake
Crompton Greaves, plans to sell-off its 40 percent stake in its Chennai-based telecom venture Skycell Communications.
Compulsory demat for issues below Rs 25 cr likely
The M S Verma committee on primary market has mooted compulsory dematerialisation for all equity issues upto a size of Rs 25 crore.
BPL may offer equity to Sanyo
The Nambiars-promoted BPL group is likely to offer a marginal equity stake to Sanyo Corporation of Japan in the merged entity of BPL Sanyo Utilities and Appliances Ltd.
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