SpiceJet:
Sources with direct knowledge indicate that Ajay Singh has struck the deal to buy Maran's 58% stake in SpiceJet at a throwaway price of around Rs 200 crores. The valuation worked out to save SpiceJet is at a price much lower than even half the market cap of SpiceJet at the time of deal announcement.Suzlon Energy Ltd:
Suzlon Energy announced that the Securities Issue Committee of the Board of Directors of the Company, at its meeting held on 20 February 2015 approves the allotment of 13,57,75,037 equity shares of Rs 2 each on conversion of 34,854 USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 34,854,000 at a conversion price of Rs 15.46 per equity share.SBI:
State Bank of India will decide on issue price of equity shares on preferential basis to the government for Rs 2,970 crore capital infusion on March 24.
Bharti Airtel Ltd:
Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence.
Hathway Cable Ltd:
Foreign shareholding in Hathway Cable & Datacom Ltd has reached the prescribed limit and foreign investors would not be allowed to purchase further shares in the company, the RBI said.
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