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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6668)	9/10/1999 11:48:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Aurobindo Pharma completes private placement aurobindo.com Date: 9/10/99 8:05:47 PM (Probity) Hyderabad based Aurobindo Pharma Ltd (APL) completed a private placement of 551,000 equity shares at Rs 490 per share to domestic and overseas institutional investors. The company raised Rs 270mn in the process. APL manufactures and markets bulk drugs, drug intermediates and formulations. In a statement issued today the company said, "The proceeds of the private placement will be used to part finance APL's research & development thrust and the growth of its formulations business." The private placement will lead to an increase in the company's equity capital to Rs 100 mil. Aurobindo Pharma closed at Rs 546.10, down Rs0.40 on BSE today.

To: Mohan Marette who wrote (6668)	9/10/1999 12:45:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 12475

Mohan I met a friend of mine who was at the Bhupathi-Paes doubles match. He said that the pair were losing badly and were about to lose the match when someone in the stands started singing "saare' jahan se accha hindustan hamara". Many people joined in on the chorus. And that gave them the impetus to charge ahead. They were on the point of losing the last point of the match when someone in the stands shouted 'hindustan zindabad' (I believe it was that or something similar). Adn they went on to defeat the opposition who got so upset that one of them broke his racket right on the grounds there. Apparently this story is in Wall Street Journal although I have not looked for it. ratan