Archive for May, 2009
Oil India planning to hit IPO in market by september…
Oil India sources said that Oil India IPO (initial public offering) is likely to hit markets by September ‘09.
The company hopes to raise USD 400-500 million via IPO.
It doesn’t need fresh SEBI (Securities and Exchange Board of India) nod if IPO comes before September 10.
IOC touched a 52-week high of Rs 559 in afternoon. It [...]
China lift ban for IPO – 150 yuan billion market estimate…
More than 30 companies, including Everbright Securities, a top-10 brokerage, China State Construction Engineering Corp, the biggest home builder, and China South Locomotive & Rolling Stock Corp, have won regulatory approval and have been waiting for up to a year to go public after slumping stock markets spurred the government to quietly suspend IPOs last [...]
Reliance Capital- Eyeing IPO for Divestment option- Reliance Insurance..
Sam Ghosh, Chief Executive Officer of Reliance Capital, said the company was evaluating all options for divestment in life insurance business. “We will consider if we want to go in for part divestment through an initial public offer (IPO), a strategic partnership or perhaps a combination of both,” he said. He further added that the [...]
Bharti Airtel acquire 49% stake in MTN….
Bharti would acquire a 49% shareholding in MTN and, in turn, MTN and its shareholders would acquire an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders. Bharti and MTN have agreed to discuss the potential transaction exclusively with one another until [...]
NHPC, RITES & Oil India Ltd -3PSU in process of IPO…
Spiralling scrip prices in the secondary stock market over the last couple of days have brought back hopes of a revival of public issues.
The primary market (where companies raise funds through the issue of fresh shares) is once again expected to gain currency after remaining subdued for over five quarters since February 2008. The usual [...]
Next week stock market trading…12100 to 14000…
In next week dip in the market was warranted but given the liquidity in the market a fall seems unlikely. Most people are waiting for theSensex to fall below 12600 levels to start buying. “If the news flow is good and global markets do not correct too much then maybe waiting for that 12,100 might [...]
Corporate & Dividend News…
Plastiblends India recommends dividend
Panasonic Energy India to announce financial results
Edelweiss Capital grants stock options
Edelweiss Capital recommends dividend
LG Balakrishnan & Bros recommends dividend
FDC recommends dividend
Sanghvi Movers recommends dividend
Nissan Copper recommends dividend
Gujarat Fluorochemicals recommends final dividend
ITC recommends dividend
Cinemax India recommends dividend
Take Solutions recommends dividend
NTPC recommends final dividend
CESC recommends dividend
Federal Bank recommends dividend
Tata Teleservices Maharashtra allots equity shares
Redington [...]
