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KSL and Industries Defaults on $90M FCCBs

KSL and Industries Limited was due to return $90.05 million from FCCB (Foreign Currency Convertible Bonds) borrowings. (Read: The Upcoming FCCB Problem) The ...

Speciality Restaurants Gets 2.54x Subscription

The Speciality Restaurants Limited IPO has ended, with a 2.54x subscription. Most of that came in from institutions who demanded more than 4.6x what they were ...

Sterling Biotech Defaults, Biggest Ever

From Bloomberg (HT Reader Atul Mittal on my original post): Sterling Biotech Ltd. (SLT), a gelatin maker based in Mumbai, didn’t pay $184 million of ...

Will Sterling Biotech Default on FCCBs Today?

Sterling Biotech is in serious trouble. With plunging revenues and a very high debt cost, they’re now also going to have to pay back $183M worth Foreign ...

Nifty Stuck Between 50 and 200 DMA

It’s been a while since I’ve done a snapshot, but the Nifty seems to be coiling in between the two big DMAs. (Daily Moving Averages) Even as the ...

Reliance Q4 2012 Results in Charts

Reliance Industries posted its results last weekend, and they weren’t quite as good as the street imagined. Let me talk less and chart more. (See also: ...

Chart: Infy Result Impact, Worst in 5 Years

Infosys is a big player on results day, though mostly downwards, it turns out. With an underperformance this quarter (a drop in QoQ results) the fall ...

CRISIL Buys Back Shares, Gives Them To Employees as ESOPs

You gotta admire the gall. CRISIL – the credit rating agency: decides to buy back shares at a max price of 1,000, for upto 80 cr. on 15 Dec 2011 By 30 ...

ONGC Share Auction Rescued By LIC

The government wanted to sell 12,000 cr. worth shares of ONGC (42.77 cr. shares at a floor price of Rs. 290) today, and the auction – a special scheme that ...

Kingfisher Doesn’t Need A Bailout

Too many articles have been talking about the situation at Kingfisher, with the assumption that: a) Kingfisher is a private carrier and can’t be bailed out. ...