6 Sep 2017
In the corporate sector, ITC announced a price rise for its premium cigarettes of 20% to absorb the extra tax due to GST. The company also announced that it intended to enter the Healthcare sector by establishing a multi-specialist hospital. Indian Hotels announced a rights issue to raise about $240mil in additional capital. The dilutive effect will depend on the proportional distribution of the proceeds between debt reduction and new investment.
Posted by #richardneve at 9/06/2017