Reliance Communications is planning IPO for undersea cable unit in Singapore ? Telecoms company Reliance Communications is looking to raise about $1.5 billion through an initial public offering of its undersea cable unit in Singapore, a source with direct knowledge said on Wednesday. The debt-laden company, controlled by billionaire Anil Ambani, is planning to list the [...]
Just Dial has filed draft red herring prospectus with Securities Exchange Board of India for an initial public offering (IPO). The company plans to raise around Rs 360 crore through issue of 10,637,994 equity shares of Rs 10 face value. Citigroup Global Markets India and Morgan Stanley India are the book running lead managers; Karvy [...]
Auto-parts maker Tata Autocomp Systems plans to launch a more than 11 billion rupee initial share sale in the next 2-3 weeks, R.S. Thakur, managing director and chief executive, told Reuters on Tuesday. The firm plans to raise 7.5 billion rupees from a fresh issue of shares, he said.
Decorative laminated sheets manufacturer Rushil Decor has opened its initial public offering of 56,43,750 equity shares of face value Rs 10 each for subscription today. It has fixed price band at Rs 63-72 for the issue, which closes on June 23. The issue includes promoter’s contribution of 2,43,750 equity shares and issue to the public [...]
State Bank of India’s chairman Wednesday said the government supports the state-run lender’s rights share issue plan, through which it aims to raise 200 billion rupees ($4.48 billion) by December. "We are in talks with the government for getting their share of contribution [to the rights issue]," Pratip Chaudhuri said. The federal government is the [...]
Reliance MediaWorks, a part of Anil Ambani-led Reliance group , today said it is planning a rights issue of equity shares for which its board will meet on May 28 to consider the proposal. In a filing to the Bombay Stock Exchange , the company said its board of directors will also consider and approve [...]
Capital market regulator Sebi has withheld the listing of sponge iron producer Vaswani Industries initial public offer (IPO), after it received complaints regarding irregularities in subscription. After the public issue of Vaswani Industries closed on May 3, Sebi received complaints from investors regarding irregularities in subscriptions, the regulator said in a press release issued late [...]
Speciality chemicals maker Galaxy Surfactants today said it will raise about Rs 202 crore through its initial share sale offer , which will begin on May 13. The company has set a price band of Rs 325-340 per share for the IPO of 59.3 lakh equity shares, Galaxy Surfactants said in a statement. The IPO, [...]
Power Finance Corporation’s (PFC) proposed Further Public Offer (FPO) which is likely to fetch close to Rs 5,300 crore at the upper end of the band and Rs 4,400 crore at the lower end of the price band has been subscribed 0.20 times on its second day. The Empowered Group of Ministers (EGoM) of the [...]
Indian budget airline GoAir is planning to raise about $150 million through a public offer (IPO) to fund its operational expenses, two sources with direct knowledge of the matter told Reuters. The airline has hired Bank of America Merrill Lynch and Edelweiss Capital to manage the offering, said the sources, who declined to be named [...]
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