GTL Infrastructure said on Monday it has completed the acquisistion of 17,500 telecom towers of Aircel for Rs.8026 crore.
GTL Infra now has around 32,500 towers making it the world's largest independent tower company.
GTL is expected to have an additional annual revenue of Rs.720 crore from the Aircel deal taking the aggregate annual revenue to Rs.1350 - 1400 crore.
GTL is in talks with RCom for merging RCom's tower arm with GTL creating an entity with 85,000 towers valued approximately at Rs.50,000 crore. GTL will pay RCom cash and offer its shares to Reliance shareholders as part of the proposed merger.
July 20, 2010
July 18, 2010
Dvidend windfall for promoters in India
It is raining dividends for promoters in India. Details of top 10 beneficiaries and dividend payouts in the private sector:
Ratan Tata - Tata Sons - Rs.3413.68cr **
Mukesh Ambani - Reliance Ind - Rs.1024.74cr
Azeem Premji - Wipro - Rs.700.58cr
BM Munjal - Hero Honda - Rs.636.14cr
Rahul Bajaj - Bajaj Auto - Rs.287.15cr
Anil Ambani - Rcom, Rcap & Rel Infra - Rs.278.87cr
Narayana Murthy - Infosys - Rs.230.21cr
Kalanithi Maran - Sun TV - Rs.227.59cr
Dilip Sanghvi - Sun Pharma - Rs.181.45cr
Sunil Mittal - Bharti Airtel - Rs.172.55cr
** Tatas with 3.2 lakh crore in sales were the biggest beneficiaries with dividend doubling to Rs 3,833 crore. But these mostly belong to trusts and very little into the personal account of its chairman Ratan Tata.
Ratan Tata - Tata Sons - Rs.3413.68cr **
Mukesh Ambani - Reliance Ind - Rs.1024.74cr
Azeem Premji - Wipro - Rs.700.58cr
BM Munjal - Hero Honda - Rs.636.14cr
Rahul Bajaj - Bajaj Auto - Rs.287.15cr
Anil Ambani - Rcom, Rcap & Rel Infra - Rs.278.87cr
Narayana Murthy - Infosys - Rs.230.21cr
Kalanithi Maran - Sun TV - Rs.227.59cr
Dilip Sanghvi - Sun Pharma - Rs.181.45cr
Sunil Mittal - Bharti Airtel - Rs.172.55cr
** Tatas with 3.2 lakh crore in sales were the biggest beneficiaries with dividend doubling to Rs 3,833 crore. But these mostly belong to trusts and very little into the personal account of its chairman Ratan Tata.
July 16, 2010
India's growing presence in fortune 500 companies
From just one Fortune 500 company (IOC) in 2003 to 8 in 2010
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Eight Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune magazine.
IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).
IOC had revenues to the tune of $54.28 billion, RIL $41.08 billion, SBI
$28.21 billion, BPCL $26.59 billion, HPCL $23.88 billion, Tata Steel
$21.58 billion, ONGC $21.44 billion and Tata Motors $19.5 billion.
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Eight Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune magazine.
IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).
IOC had revenues to the tune of $54.28 billion, RIL $41.08 billion, SBI
$28.21 billion, BPCL $26.59 billion, HPCL $23.88 billion, Tata Steel
$21.58 billion, ONGC $21.44 billion and Tata Motors $19.5 billion.
Wal-Mart (USA) tops the Fortune 500 list with revenues of $408. 21 billion.
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