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The company has bought 3.93 lakh shares of EIHAH, upping its stake to 8.29 per cent from the current 6.28 per cent, the company said in a filing to the Bombay Stock Exchange.

 
 
Reacting to Chairman B M Bansal's comment that shares of the company will be traded at Rs 450 a piece for the FPO, IOC scrip soared 14.32 per cent to Rs 383.10 on BSE.
The Future Group promoted by Kishore Biyani is looking to set up exclusive standalone stores for fruit and vegetables.
Cadbury India, bought earlier this year by Kraft Foods for $19.6 billion, will produce the latter's signature orange drink in its manufacturing unit in Hyderabad.
 
 
Murli Industries, Ackruti City, Welspun Gujarat Stahl Rohren and Brushman India have been restrained by the regulator from trading on the stock exchanges.
Kishore Biyani, head of India's largest retail conglomerate Future Group, has said that he is " open" to the idea of collaborating with foreign retail brands.
The firm posts profit of Rs 23.30 crore for the July-Sept quarter this fiscal, down from Rs 97.5 crore in the previous quarter as wage hikes squeezed margins.
The company will decide about fund-raising after shareholder approvals by means of postal ballot, which may take 45-50 days and the market conditions.
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