Posts Tagged ‘India’

Bharti Airtel Bids For Zain

Posted by Amita Kalra on February 14th, 2010

In a deal valued roughly at $10.7 billion, India’s largest mobile phone company (by subscribers), Bharti Airtel, today offered to buy the African operations of Zain, a Kuwaiti telecommunications company.

Zain currently has more than 40 million subscribers in Africa, about 62 percent of its client base. More than half of its $7.2 billion annual sales in 2008 came from Africa. Its shares have gone up nearly 23 percent last week, giving it a value of 4.64 billion Kuwaiti dinars (16 billion dollars).

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Posted in Africa, Asia Pacific, North America Tags: , , , , , , , 1 Comment »

Oil India lists positive

Posted by Abhinav Seth on September 30th, 2009

OIL1 Oil India lists positive

Oil India Limited (OIL) lists at Rs. 1,096 on NSE (National Stock Exchange of India Ltd.) on September 30, 2009. By noon, the share touched a high of Rs. 1149.95 and was trading at Rs. 1,141.15 at 12:11pm IST (Indian Standard Time).

OIL is the second largest national oil and gas company after Oil and Natural Gas Corporation Limited (ONGC) in India as measured by total proved plus probable oil and natural gas reserves and production (Source: DGH).. The company is primarily engaged in the exploration, development, production and transportation of crude oil and natural gas onshore in India and also process produced natural gas to extract LPG. The company is present beyond the national borders through the exploration of crude oil and natural gas in Egypt, Gabon, Iran, Nigeria, Timor Leste and Yemen. (more…)

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