MODIS ANNOUNCE REVAMP PLAN
Article Abstract:
The BK Modi group has decided to undertake a major restructuring programme, which involves the creation of a new holding company called Modi Holdings. Modicorp, the existing company will concentrate on the group's entry into telecom and information technology. Modicorp will transfer its stake in Modi Rubber and Modi International Paper to Modi Holdings and concentrate on cellular phone services, Internet and IT as core businesses. The restructuring also envisages Modicorp divesting its stake in Alcatel Modi Network Systems, the group's telecommunication equipment venture. (khr)
Comment:
The BK Modi group has decided to undertake a major restructuring programme, which involves the creation of a new holding company called Modi Holdings.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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MSI SET TO BUY BHARTI TELECOM STAKE IN JV
Article Abstract:
Mobile Systems International (MSI) of UK has sought the permission of the Foreign Investment Promotion Board for acquiring Bharti Telecom's stake in MSI India, a joint venture company. Mobile Systems International, which holds 80 percent stake in MSI India, plans to acquire Bharti Telecom's 20 percent stake in the company. This will make MSI India a 100 percent subsidiary of Mobile Systems International. MSI India was set up for offering telecommunication services. (ag/kvr)
Comment:
Mobile Systems International (MSI) of UK has sought the permission of the Foreign Investment Promotion Board for acquiring Bharti Telecom's stake in MSI India, a joint venture company.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BHARTI TELECOM: AN OPPORTUNITY TO MOVE OUT
Article Abstract:
Sterling Infotech has made an open offer to buy 20 percent stake from public in Bharti Telecom Ltd (BTL) at Rs95 per share. Bharti Enterprise Limited (BEL) has, on the other hand, made counter offer at Rs96 per share. BEL, Bharti Global, Bharti Overseas Trading and Bharti Telecom Finance together have 79.58 percent stake in BTL. Their offer is to buy 11.42 percent stake from public in BTL. The current market price of the scrip is Rs90. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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