Archive for October, 2009

Sterlite Energy files IPO papers with SEBI

October 31, 2009 by  |  No Comments

Sterlite Energy files IPO papers with SEBI

Sterlite Energy, a part of London listed Vedanta Resources, has filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) The company is planning to raise Rs 5,100 crore through this initial public offering (IPO). Sterlite Energy is a 100% subsidiary of Sterlite Industries. A successful IPO would make it [...]

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SEBI to introduce lot sizes for equity derivatives contracts

October 31, 2009 by  |  No Comments

SEBI to introduce lot sizes for equity derivatives contracts

The Securities and Exchange Board of India (SEBI) is planning to introduce lot sizes for equity derivatives contracts, based on the price range of the underlying stock. This will allow exchanges the freedom to decide on the lot size, and also spare SEBI the trouble of micro-management. Lot size is the number of underlying shares [...]

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Den Networks IPO subscribed fully on final day

October 30, 2009 by  |  No Comments

Den Networks IPO subscribed fully on final day

Cable television firm Den Networks’ public offer got fully subscribed today, the final day of its issue. The initial public offer (IPO) got bids for 1.83 crore shares against 1.76 crore equity shares on offer, according to the data with the National Stock Exchange (NSE). The issue, through which the company aims to garner up [...]

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Astec LifeSciences Ltd IPO

October 29, 2009 by  |  1 Comment

The initial public offering (IPO) of Astec Lifesciences has opened for subscription. The issue is of 75,00,000 equity shares of Rs 10 each for cash at a price of Rs 77-82 per equity share, aggregating Rs 57.75-61.50 crore. The company is engaged in the manufacture and sale of intermediates, active ingredients and formulations in the [...]

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Indiabulls Power IPO Listing Date

October 29, 2009 by  |  No Comments

Indiabulls Power IPO Listing Date

The listing date for Indiabulls Power Ltd has been announced. Indiabulls Power IPO had closed for subscription on October 15, 2009 and was oversubscribed by 21.84 times overall. The IPO had received great subscription in the QIB Category which was overbid 40.49 times. The Retail Category has just been subscribed 1.09 times. The Equity Shares [...]

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Den Networks IPO

October 27, 2009 by  |  No Comments

Den Networks IPO

Cable television firm Den Networks is entering the capital markets with an initial public offering of two crore shares. The price band for the issue has been fixed at Rs 195-205. At the upper end of the price band, the company would raise Rs 410 crore. The issue will open on October 28 and close [...]

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SEBI permits extension of trading by 2-1/2 Hours a Day

October 25, 2009 by  |  No Comments

Indian stock market will soon witness longer hours and higher volumes. In a move that will give investors more flexibility but make life in the dealing room and back-office far more demanding, capital market regulator SEBI has permitted stock exchanges to begin the day as early as 9 AM and keep the market open for [...]

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Suzlon to double capacity of Kutch wind farm

October 24, 2009 by  |  1 Comment

Suzlon to double capacity of Kutch wind farm

After having set up India’s largest wind farm a single location, wind turbine manufacturer Suzlon Energy has now planned to double the capacity of this wind farm at Jhakhau in Kutch. The present capacity of this wind farm is 750 Mw, which Suzlon proposes to increase to 1,500 Mw. Post expansion, Jhakhau wind project would [...]

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Govt Approves Disinvestment in NTPC

October 20, 2009 by  |  No Comments

The government today approved sale of its five per cent stake in state-run power producer NTPC this financial year. The Cabinet Committee on Economic Affairs (CCEA) approved five per cent disinvestment in NTPC, Commerce and Industry Minister Anand Sharma said after attending the CCEA meeting.     The government, at present, holds 89.5 per cent stake in [...]

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NTPC to set up 100 Mw eco friendly plant

October 18, 2009 by  |  No Comments

NTPC to set up 100 Mw eco friendly plant

State-owned NTPC will set up a 100-Mw green power plant based on synthesis gas (coal turned into gas) and would appoint consultants for the same by the end of this year. The plant will be based on Integrated gasification combined cycle (IGCC), which creates less pollution and has higher efficiency compared to conventional coal. “NTPC [...]

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