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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (885)2/25/2000 11:06:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 1471
 
**OT** The mother of all Indian ADRs -At $1.5 billion, it will be 'Zee biggest' issue

THIS proposes to be the mother of all issues. Media company Zee Telefilms (ZTL) has decided to raise a head-banging $1.5bn through an issue of American Depository Shares. This will make the ZTL issue - whenever it is offered to overseas investors - the largest ever by an Indian company abroad, beating the next largest about three times over! Just to put it in perspective, Infosys' ADR issue was for only $70 mil......

economictimes.com