IDFC stake in SSKI

Mumbai, April 29: Infrastructure Development Finance Company Ltd (IDFC) today decided to acquire a 33.3 per cent stake in SSKI, a privately-held firm involved in domestic corporate finance and institutional securities. The transaction is expected to be completed in the next two months.

Patel move

Mumbai, April 29: Patel Engineering has fixed the price band of its Rs 425-crore follow-on public issue at Rs 400-440. The company has fixed the price band considering the floor price of Rs 400 and cap price of Rs 440.

NTPC pact

New Delhi, April 29: NTPC Ltd has signed two power purchase agreements with Haryana Power Generation Corporation Ltd (HPGCL). Under the agreements, HPGCL would supply power from Unchahar III and Kahalgoan.

Italian bank

New Delhi, April 29: Italian bank Banca Popolare di Vicenza today opened its first representative office in India to provide financial services to Italian firms keen to do business here.

Spanco plan

Mumbai, April 29: Spanco Telesystems today said it will acquire a UK-based company engaged in call centre business for $4 million.