Reliance Infrastructure Ltd (RLIN.BO)
30 Mar 2015
** Power distribution and construction company Reliance Infrastructure Ltd falls as much as 1.5 pct to over 5-week low
** Shares in India's Pipavav Defence and Offshore Engineering slump 10 percent ** Reliance Infrastructure has agreed to buy the company at 63 rupees a share, a 17.6 pct discount to its close on Wednesday ** Pipavav shares surged 90.1 pct so far this year till Wednesday ** However, shares in Reliance Infrastructure gain 2.5 pct ** This acquisition certainly gives Reliance a leg-up in the naval business given significant ordering expected for submarines and warships - Edelweiss Se
MUMBAI, March 4 - India's Reliance Infrastructure has agreed to take over management control of Pipavav Defence and Offshore Engineering Co by acquiring a stake of about 18 percent for 8.19 billion rupees ($131.6 million).
MUMBAI - Reliance Infrastructure Ltd said its quarterly profit for the October-December period was up 0.4 percent to 4.5 billion rupees.
MUMBAI, Feb 15 - India's Reliance Infrastructure Ltd said its quarterly profit for the October-December period was up 0.4 percent to 4.5 billion rupees. The total income of the company was at 47.88 billion rupees for the three months that ended on Dec. 31, 2014, compared with 42.18 billion rupees reported a year ago, it said in a statement late on Saturday. (Reporting by Indulal PM; Editing by Robert Birsel)