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February 28, 2011 by | No Comments
Finance Minister Pranab Mukherjee on Monday presented to parliament India’s budget for the coming financial year beginning in April. Here are the highlights: * Net market borrowing for 2011-12 seen at Rs 3.43 trillion. * Revised gross market borrowing for 2010-11 at Rs 4.47 trillion FISCAL DEFICIT * Fiscal deficit seen at 5.1 percent of [...]
January 31, 2011 by | No Comments
Sanco Industries plans a public issue of 75 lakh equity shares having a face value of Rs 10 each. It has filed draft red herring prospectus with the market regulator SEBI. Polyvinyl chloride (PVC) manufacturer Sanco Industries plans a public issue of 75 lakh equity shares having a face value of Rs 10 each. It [...]
January 31, 2011 by | No Comments
Noida-based Goodwill Hospital and Research Centre has filed draft red herring prospectus (DRHP) with the market regulator SEBI for its initial public offering (IPO) of Rs 62 crore with one detachable warrant per equity share offered. Goodwill Hospital is engaged in running a multi-specialty hospital at Noida under the brand Ojjus Medicare, with a super specialty [...]
January 31, 2011 by | No Comments
Transformers manufacturer M and B Switchgears has proposed to enter capital market for funding its forthcoming solar photovoltaic power plant, with a public issue of 50 lakh equity shares (face value of Rs 10 each). It has filed draft red herring prospectus (DRHP) with SEBI. The issue will constitute 25% of the post-issue paid-up equity share [...]
January 31, 2011 by | No Comments
Tribhovandas Bhimji Zaveri, a well-known and trusted jewellery retailer in India, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue of 16,666,667 equity shares of face value of Rs 10 each for cash at a price (including a share premium per equity share) [...]
January 15, 2011 by | No Comments
The Securities and Exchange Board of India (SEBI) on Friday said billionaire Anil Ambani cannot invest in publicly-listed securities until the end of this year, and barred two of his companies from such investments until the end of 2012. SEBI said Reliance Infrastructure and Reliance Natural Resources, which has since been merged into Reliance Power, [...]
January 11, 2011 by | No Comments
India’s largest steel company Tata Steel’s board of directors have approved follow-on public offer (FPO) of 57 million ordinary shares of Rs 10 each. This includes reservation for eligible employees to the tune of 1.5 million ordinary shares of Rs 10 each. The price band and the minimum bid lot for the issue will be decided by the company in [...]
December 21, 2010 by | No Comments
Dr. Reddy’s Laboratories said on Tuesday it has signed an agreement with Russia’s R-Pharm for licensing, technology transfer, manufacturing and marketing of products. The deal will allow Dr. Reddy’s to import and market R-Pharm products in India. It will also allow co-development of high technology products and local manufacturing in Russia, the Indian firm said in [...]
December 21, 2010 by | No Comments
CDMA mobile firm Sistema Shyam will receive a loan of USD 200 million or approximately Rs 900 crore, from Russia-based Gazprom Bank. The funds will be used for expanding its network in India. SSTL is a joint venture between India’s Shyam group and Russian conglomerate Sistema. The CEO of SSTL, Vsevolod Rozanov, in an interview [...]
December 21, 2010 by | No Comments
Shares of Ispat Industries ended 15.03% down at Rs 21.20 on the Bombay Stock Exchange today after the announcement that JSW Steel would acquire a majority stake in the company through the purchase of shares worth Rs 2,157 crore, allotted on a preferential basis. The collaboration will enable the two steel companies to cut costs [...]
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