Skip to main content

Bharti-MTN deal update

The delegation of regulatory officials of the South African Government and the market is an essential element of dual listed companies merger talks MTN Bharti issue, so that representatives of the Union Ministry of Finance.
Meetings of officials at the Securities and Exchange Board of India, Bandra Kurla complex of offices in India, the RBI and the Ministry of Finance. KP Krishnan, Joint Secretary in the Ministry, Executive Director, SEBI Usha Narayanan and Salim Gangadharan Chief Executive Officer, the Reserve Bank, were present among them.

Press Trust of India report said that South Africa has a delegation of senior officials from Treasury and the Reserve Bank of South Africa.
Although the Ministry of Finance on this issue, convertibility of the capital, taking into account the opinion of the Central Bank on the need for political decisions is detected, or even in the Foreign Exchange Management Act, which modifies the dual listing the required business rules and convertibility of the capital. Changing the law is necessary.

Negotiations on the conclusion of the talks came one day before the deadline was 30 September. Yesterday Finance Minister Pranab Mukherjee said the government was in favor of the agreement, but must be taken into account within the existing legal framework.

Bharti Airtel announced the plan, which provides 49 percent of received economic interests in MTN. In return, acquire MTN, Bharti Airtel, and 25 percent economic interest of the shareholders will receive 11 percent of MTN.


Popular posts from this blog

ICC cricket world cup 2011 ODI schedule(Timetable)-logo-host:India, Srilanka & Bangladesh

India will have big moment of organize one of the major tournament in Gentleman's game called cricket. infect India, SriLanka and Bangladesh will host the ODI (one day International)  cricket world cup. according to ICC (International Cricket Council) rules world cup must be held by all neighbor hood country which is playing cricket. so by that Pakistan is the candidate for WC event  but from many years Pakistan supports terrorism so they have to face this fact. not only in cricket but at every step. if ICC will give permission to Pakistan for world cup cricket 2001 then also after 26/11 attack on Mumbai Indian government and people never want about their player to play in India and similarly abt Pakistan Govtmnt. Bangladesh have first chance for hosting this type of big event.  any way ICC declare ODI cricket world cup logo for this World cup ICC and BCCI will strongly watch about copy right of Live Streaming and Live score of Cricket match world cup after complain of

Bank of America (BofA) have new chief

New Chief, new challenge  of credit card Brian T. Moynihan, 50, takes the helm of Bank of America as new honcho chief tar today, and he faces umpteen challenges that includes a money-losing credit card division in need of clean strategizing. Moynihan was selected by the Sheet of Directors to exchange Kenneth D. Adventurer, who retired officially yesterday. Bank of America is the second-largest U.S. card issuer, after JPMorgan Chase, and the card partitioning accounts for 23 percent of BofA's revenue finished the prototypical ennead months of 2009. But in the position canton alone, credit card income declined $1.6 1000000000 - mainly from higher credit losses on securitized credit card loans and change fee income. That amounts to a $4.5 1000000000 amount deprivation finished the first ennead months of 2009, and the banking giant's credit card nonpayment grade is higher than its big competitors, at 13 pct. Moreover, Bank of America's small-business disposition failure

Sachin Tendulkar all records in cricket history list

Record in international cricket with Sachin Tendulkar to the deluge in the game  but the king has 22(might be wrong) world records.Tendulkar ended the recent tri-series final in Colombo, India in winning the title was imposed its 44th ODI century, after which the question naturally arises that how many world records in international cricket redirect Sachin's name. Sachin's world records of 19 years of cricket * Test cricket: most runs – 12473 most centuries – 42 highest score of 50 - 95 (42 centuries and 53 fifties), most fours - 1676. (Test) ODI cricket : most runs – 16895 most centuries – 44 highest score of 50 - 135 (44 centuries and 91 fifties) most runs in a calendar year - 1894 runs (1998) most centuries in a calendar year - nine hundred (1998). Most runs in one World Cup - 673 runs (2003 World Cup) Most centuries against a team – eight-eight against Australia and Sri Lanka Most nervous ninetie