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The trigger point for open offer has been increased from 15 per cent level to 25 per cent. And the open offer size, after the 25 per cent trigger is hit, has been enhanced from the current 20 per cent to 26 per cent.

 
 
ITC posts a 24.51 per cent increase in net profit to Rs 1,332.72 crore for the quarter ended June 30, 2011.
Competition Commission of India (CCI) has cleared Reliance Industries' buyout of Bharti group's 74 per cent stake in insurance joint ventures with AXA of France.
The latest announcement comes less than a week after Cox & Kings said it acquired a minority stake in the US travel firm Radius for an undisclosed amount.
HCL Technologies on Wednesday posted a 62.13 per cent jump in its standalone net profit at Rs 385.59 crore for the fourth quarter ended June 30, 2011.
L&T Finance would issue 21.10 crore shares under the IPO and post listing, parent L&T's stake in the company would come down to 83 per cent.
 
 
Muthoot Finance, a gold finance NBFC, on Wednesday reported a two-fold jump in net profit at Rs 190 crore for the first quarter ended on June 30, 2011.
SKS' total income declined by 43.7 per cent to Rs 176.7 crore for the quarter ended June 30, as against Rs 313.6 crore in the corresponding period last year.
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