Shareholders of the country’s most valued company, Reliance Industries have approved the 1:1 bonus issue for which the company has fixed November 27, 2009, as the record date.
Suzlon, which holds a 61% stake in Hansen through its Netherlands-based subsidiary AE-Rotor Holding BV, would sell 35% stake in Hansen through a book-building process, Suzlon said in a filing to the Bombay Stock Exchange
The domestic equity bourses fell on concerns that the government might take steps to curb capital inflow if foreign investment surge prompts overseas investors to book profits. The 30 share Sensex of the Bombay Stock Exchange lost 213.13 points or 1.25 % to end the day at 16,785.65 points.
Despite equity support from the government, the financial mess at Air India is unlikely to abate soon, as the cash-strapped carrier would not be able to bring in funds through disinvestment or an IPO for a period of at least five more years.