6 Sep 2017

Corporate news: ITC, Indian Hotels

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.

1 comment:

  1. Bharat Financial Inclusion, Future Enterprises, Future Retail, Future Consumer, Jyoti Structures, Kamat Hotels, Federal Mogul, Jain Irrigation, Bajaj Finance and Bombay Dyeing rallied up to 6 percent.capitalstars

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