Abb India

ABB, a global power and automation technology group, has successfully increased its stake, through an open offer, from 52.11 to 75 per cent in its Indian subsidiary.

During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 percent of the outstanding shares.

Asian Paints is the biggest gainer among A group stocks, followed by ABB, Godrej Industries, Cummins India and BPCL.

The Nifty spurted to a high of 5416, and finally ended with a marginal gain of 11 points at 5409.

The markets are all set to end on a lacklustre note. The Sensex is now down 20 points 17,937. The NSE Nifty is down two points at 5395. HDFC continues to trade firm, with a gain of 2.5% at Rs 2,896.

The Sensex finally ended (provisional) with a gain of 55 points at 18,013. The NSE Nifty was up 14 points at 5411. ___________________________________________________ (Updated at 1501 hrs)

The markets today moved in an extremely narrow band, before settling with marginal gains. However, analysts are hopeful of the Nifty crossing the 5500 mark in August.

At 2:08 PM (IST), the BSE Sensex was at 17,991, down 85 points or nearly 0.5%. It had earlier been as low as 17,958 and as high as 18,137.

Mumbai, Jul 28 : The benchmark index of Bombay Stock Exchange (BSE) today opened at a steady note at 18,077.85, on scattered demand from local operators.

Singapore, July 27, 2010 - (ACN Newswire) - POWER-GEN Asia, the premier conference and exhibition for the power generation and transmission and distribution industries, has announced the launch of the preliminary conference programme, with a leading line up of over 120 high quality industry speakers for its forthcoming leading annual conference.

During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 per cent of the outstanding shares, a press statement said. The Swiss engineering firm ABB will acquire the shares on a ...

During the three-week offer period, which closed on Tuesday, shareholders of ABB India tendered approximately 23% of the outstanding shares. ABB will acquire the shares on a proportionate basis since the offer has been oversubscribed by ...

ABB India's vice-chairman and managing director, Biplab Majumder, says he is focused on improving operations and is set to commission two new units in Baroda at a total cost of Rs250 crore. The first will focus on manufacturing wind ...

Either way, ABB is not sitting around waiting to find out. The company has a sizable cash hoard and has been putting it to work recently - buying utility software company Ventyx for $1 billion, acquiring a piece of ABB India for $1 ...

viewsline: ABB is looking at India as a manufacturing hub : Biplab Majumder, vice chairman and managing director, ABB India... http://fb.me/Ad6WLbYw http://twitter.com/viewsline/statuses/18891538815.

ABB Ltd (India), the local subsidiary of the Swiss-Swedish engineering company, has had a few turbulent quarters recently due to intense competition from Chinese and Korean companies and because it had to exit some businesses. ...

Swiss engineering group ABB on Friday said it would not raise its Rs 900 a share offer for hiking stake in its Indian subsidiary.ABB, in May, had said it wanted to raise stake in ABB India from 52% to 75%. ...

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