Shanghai Daily: Business - shanghaidaily.com
MERRILL Lynch & Co and CLSA Ltd are among six investment banks set to arrange State Bank of India's US$4.2 billion share sale, three people familiar with the plan said. Citigroup Inc, Deutsche Bank AG, Kotak Mahindra Capital Co and SBI Capital Markets Ltd may also underwrite the rights offer by the Mumbai-based bank, India's largest, the people said, declining to be identified before a formal announcement. State Bank's closest rival, ICICI Bank Ltd, led a record year for share sales by Indian companies as lenders raised funds to meet accelerating credit demand in the world's fastest-growing major economy after China. Merrill is the top-ranked adviser for a third year in India as companies sold US$25 billion of stock, Bloomberg News said. "The share sale will be made easier with economic and banking sector growth still strong," said R.K. Gupta, who manages US$100 million at Credit Capital Asset Management Ltd in New Delhi.
Kansas.com: Business
About 600 lots of gift and Christmas items found in a Wild West World storeroom will be auctioned at 9:30 a.m. today at the Johnny Western Theatre. The items apparently were bound for the theater's gift shop, according to a spokeswoman for Bud Palmer Auction. The last three park auctions have raised about $175,000, Palmer said. He estimates the park's contents will raise about $400,000. After today, the Wild West World auctions will resume Jan. 8 with the sale of the park's vehicle stock. Office furniture and equipment will be auctioned Jan. 15. The park's restaurant equipment has been scheduled for auction Jan. 22. • Personal income creeps up in state for 3rd quarter