Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mohan Marette who wrote (8832)	10/23/1999 12:32:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Shree Rama Multi-Tech plans IPO -DSP Merrill Lynch to 'Lead'. shreeramamulti-tech.com 23-10-1999 20:10:48 (Probity) In a bid to part-finance business expansion, Shree Rama Multi-Tech Ltd is planning to enter the capital markets by mid-December with a public issue of 13.69mn equity shares of face value of Rs5 each. The packaging materials maker is hoping for an initial public offering worth Rs765.3mn ($17.6mn), the company`s chairman, Vikram Patel, said today. Speaking to reporters, Patel said the company was looking at a premium of Rs90. He said 41% of the equity offering would be through book building and the remaining through public issue. The offer document was filed with the exchange regulator on Monday and an approval was expected in November.Shree Rama, plans to set up new manufacturing facilities at an investment of Rs3.06bn ($70.51mn) over the next two years. It plans to raise Rs765.3mn ($17.63 million) through the share issue and the rest through internal accruals. The shares will be listed on Bombay, Ahmedabad and National stock exchange. The lead managers for the issue are DSP Merrill Lynch Ltd, Khandwala Securities Ltd and IDBI. Foreign institutional investors HSBC Private Equity India Fund, CDC Financial Services (Mauritius), NIF Investment Ltd, South Asia Regional Fund and Nippon Investment Ltd currently hold 43.26% equity in the firm. The company`s net profit jumped 59% to Rs304.5mn in 1998/99 (April-March). The firm holds 18% market share of country`s packaging industry making plastic bags, labels and plastic tubes for toothpaste and cosmetics.

To: Mohan Marette who wrote (8832)	10/23/1999 4:13:00 PM
From: JPR	Respond to of 12475

Beer has been blamed for previous attacks. Locals say the elephants have developed a taste for the brew. Interesting. Taste for beer is acquired and doesn't come natural. Sorry to hear that so many people were killed. The elephants must have sucked the beer Through BUNGHOLES IN THE CASKS. Now U know why Mr.XXXX calls the Indians BUNGHOLES.

To: Mohan Marette who wrote (8832)	10/23/1999 4:24:00 PM
From: JPR	Read Replies (2) \| Respond to of 12475

Mohan: You won't believe this. Something is resurrected. Guess what. It has to do with guns. Still not sure, Mohan. It has to do with Bofors. More on this. Rajiv Gandhi is charged with Bofors Kickback Scheme. May his soul rest in piece; Not so say the prosecutors. Come what may, we (the prosecutors) will TEST his SOUL. Where is the money? Ottavio Quattrocchi , the friend of the Gandhi family - the Italian Connection - and Bofors former chief are indicted as codefendants. JPR