Online edition of India's National Newspaper
Sunday, May 18, 2003
Online edition of India's National Newspaper Sunday, May 18, 2003 |
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Demerging metal business: Sterlite move to hit minority shareholders MUMBAI, MAY 17. The move by Sterlite Industries (India) (SIIL) to demerge its metals business through a scheme of arrangement for purchase and cancellation of shares under Section 391 and 394 of Companies Act is likely to hit the interests of ... Forex reserves surpass $78 b MUMBAI, MAY 17. India's foreign exchange reserves continue to scale new heights and crossed the $78 billion mark following record inflows during the week ended May 9. Foreign exchange reserves rose sharply by $961 million to touch $78.559 ... SIL to invest in Zambian mine LUSAKA, (ZAMBIA), MAY 17. The Konkola Copper Mines, which were abandoned by mining giant Anglo American last year, have found a new investor, Sterlite Industries of India. The Information Minister, Newstead Zimba, announced that the Indian ... Other Stories
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