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May 4, 2010 by | No Comments
The initial public offer of Jaypee Infratech, a subsidiary of Jaiprakash Associates, has been subscribed 1.2 times, as per data available on the NSE website. Issue, which closed today, has received bids for 26.67 crore equity shares as against 22.17 crore shares on offer for public and maximum bids have been received at around Rs [...]
May 4, 2010 by | No Comments
Ashish Chugh, Author of Hidden Gems is bullish on Siyaram Silk Mills and Anik Industries. He advises investors to buy into these stocks. Siyaram Silk Mills is a part of Siyaram Poddar group. This is a vertically integrated textile company. This company has got in-house facilities for spinning, dyeing, weaving, finishing and also garmenting. The [...]
May 4, 2010 by | 1 Comment
The Securities & Exchange Board of India (Sebi) has announced guidelines for credit rating agencies in order to impart higher credibility to the processes and procedures associated with the credit rating. The new guidelines include a number of stringent additional disclosure norms. Sebi has directed that a credit rating agency (CRA) shall keep record of [...]
May 3, 2010 by | No Comments
Issue Opens on: April 29, 2010 Issue Closes on: May 04, 2010 Bid Lot: 50 Shares & in Multiple of 50 shares Price Band: Rs.102 to Rs.117 Issue size: Rs 1650 crore IPO Rating: CARE IPO Grade 3/5 Jaypee Infratech Ltd, which is part of the Jaypee group, was incorporated in 2007 and is engaged [...]
April 29, 2010 by | 1 Comment
Edelweiss has recommended subscribers to ‘Subscribe’ to the initial public offering of Satluj Jal Vidyut Nigam at the lower end of the price band. “The IPO has been priced at Rs 23-26, implying 1.4–1.6x trailing P/BV. Based on ~19% RoE on project equity, cash balance of Rs 15 billion and assuming 12% cost of equity [...]
April 27, 2010 by | 2 Comments
Mumbai-based utility vehicle and tractor maker Mahindra & Mahindra (M&M) is interested in buying stakes in beleaguered South Korean sports utility vehicle manufacturer SsangYong Motor Company (SMC). According to the Korea Economic Daily, M&M recently sent a letter to the management of SsangYong, expressing its desire of buying controlling rights in the cash-strapped firm. The [...]
April 27, 2010 by | No Comments
Engineers India has fixed 07 May 2010 as the record date for the purpose of subdivision of equity shares of Rs. 10 each of the company into equity shares of Rs. 5 each and bonus issue in the ratio of 2:1.
April 16, 2010 by | No Comments
Securities & Exchange Board of India (Sebi) has tightened disclosure norms for foreign institutional investors (FIIs) and sub-accounts with regard to the investment structure in India. The norms are applicable for new registrations from 7 April 2010. Existing FIIs and sub-accounts can provide the additional information by 30 September 2010. These foreign investors will now [...]
April 14, 2010 by | No Comments
Net profit of Rolta India declined 38.57% to Rs 98.33 crore in the quarter ended March 2010 as against Rs 160.07 crore during the previous quarter ended March 2009. Sales rose 24.02% to Rs 303.44 crore in the quarter ended March 2010 as against Rs 244.68 crore during the previous quarter ended March 2009. Particulars [...]
April 14, 2010 by | No Comments
The stock market regulator Securities & Exchange (Sebi) has clarified that 14 private insurance companies will be required to take Sebi’s prior approval for launch of new unit linked insurance plans (Ulips). It has said that insurers can continue selling existing Ulip schemes which were in force as on 9 April 2010. Ulips are products [...]
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