Bharti-MTN Deal terminated
Bharti says
Have decided to disengage from exclusive talks with MTN
South African govt unable to accept deal structure in current form
Hope South African govt will review position on MTN in future
To continue to explore international opportunities
May re-engage with MTN if South African govt changes position
MTN deal could have brought in substantial synergies

Pranab Mukherjee says will not comment on Bharti-MTN deal termination

South African Treasury says
MTN told SA Fin Min deal talks mutually terminated
Govt supportive of local cos wanting to diversify offshore
Bharti-MTN deal needed certain exchange control & other nods
Bharti-MTN unable to conclude all outstanding matters

MTN says deal not possible within existing regulatory framework
Ex-split: GMR Infra from Rs 2 to Re 1
ICICI Bank Sells 4.4% Stake In 3i Infotech; LIC Buys 2.4% Stake

Tata Tele
Signs Agreement For Passive Infra Sharing With BSNL
Agreement With BSNL Valid For TTSL & TTML

Glenmark subsidiary Glenmark Generics files DRHP with SEBI for IPO
Biocon to acquire bulk pharma biz of IDL Specialty Chemicals
Thinksoft IPO closes today, subscribed 0.94 times till now
Oil India to be added in BSE IPO index from Oct 5

New Listings:
Reliance Gold Exchange Traded Fund
Quantum Gold Exchange Traded Fund
Kotak Gold Exchange Traded Fund
SBI Gold Exchange Traded Scheme

50.55 lakh Axis Bank GDRs to hit market
1 cr LIC Housing Finance QIP shares to hit market on Oct 1
1.51 cr Alok Industries shares to hit market on Oct 1 ((conversion of partly paid shares to fully paid up))
LT Foods board approves issue of 38.48 lakh shares on pref basis to strategic investors
Ucal Fuel board approves issue of 82.17 lakh shares at Rs 36.35 to promoters ((CMP Rs 57))

Sujana Metal Products board approves:
Issue of GDRs / FCCBs up to $20 m
Issue of shares / convertible warrants to promoters up to Rs 25 cr

Aksh Optifibre board approves raising up to $20 m via private placement
Oil Cos To Cut ATF Prices By Rs 812-894/kL Today: NW18

source: moneycontrol

Tags: Aksh Optifibre, bharti, Biocon, glenmark, icici bank, LT Foods, Sujana Metal Products, Tata Tele, Ucal Fuel

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