Tata Tele to issue rights shares in 19:100 ratio
Mumbai: Telecommunication service provider, Tata Teleservices Maharashtra Ltd, has informed the Bombay Stock Exchange on Friday that it would issue equity shares on a rights basis in the ratio of 19:100.

Under the rights issue, 19 equity shares would be issued for every 100 existing equity shares held at the close of the record date, according to the company.

The Mumbai-based company had recently informed the stock exchanges that it would fix the ratio for the proposed rights issue as well as the price for the issue on October 13.
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Maharashtra Seamless makes share allotment upon FCCB conversion
Mumbai: Maharashtra Seamless Ltd said Friday that it has allotted 13.74 lakh equity shares upon conversion of 8,000 zero coupon foreign currency convertible bonds (FCCBs).

The company's board of directors at its meeting today allotted equity shares of Rs5 each, at a premium of Rs248.34 per share, upon conversion FCCBs of $1,000 each, according to the company's filing at the Bombay Stock Exchange.

After the allotment, the paid-up equity share capital of the company increases to 6.28 crore equity shares from 6.15 crore shares of Rs5 each as of date, it added.

Maharashtra Seamless Limited is a company of the DP Jindal group and provides a range of customisable and seamless pipes and tubes.
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Indian Hotels de-lists from MSE
Mumbai: The Indian Hotels Company Ltd has de-listed its equity shares from the Madras Stock Exchange Ltd (MSE), the company has informed the Bomaby Stock Exchange on Friday through a communiqué.

The company, a part of the Tata Group, said that it has received a letter from the MSE confirming its de-listing with effect from today.
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