indiabulls

What happens next after Bajaj Auto demerger?

16 apr 2008

What happens next after Bajaj Auto demerger?
Post demerger of Reliance industries Ltd., the next demerger to happen in Indian corporate is the demerger of Bajaj Auto Ltd (BAL). The record date fixed for demerger was March 25, 2008 as a consequence of which shareholders of the Bajaj Auto will receive shares of the three demerged new companies in the ratio of one share each for every one share held in Bajaj Auto.

IDFC buys Standard Chartered Mutual Fund to become third largest AMC

07 mar 2008

IDFC buys Standard Chartered Mutual Fund to become third largest AMC
Infrastructure Development Finance Corporation (IDFC) has outbid other bidders such as Shinsei Bank, Indiabulls to emerge as winner in race to acquire Standard Chartered Mutual Fund for $205 million. Earlier, RBI had disallowed Swiss Bank UBS to acquire Stanchart AMC.