Archive for May, 2009
ICICI Subsidiaries IPO will take time for rollon- CEO & MD(ICICI Bank)
The country’s top private sector financial institution ICICI Bank has said it is no hurry to bring out IPOs of its subsidiaries, as such issues are aimed at establishing a price benchmark for them and not raising immediate capital. “Over a period of time, we should monetise some amount of investment that we have made [...]
BSNL plans to come up with IPO after election…
BSNL(public sector telecom company) is keen to come out with its initial public offering (IPO) after the new government comes to power. “BSNL would have gone for the IPO when the market was good last year but the telecom minister, Mr A. Raja, wasn’t too interested,” said official sources. BSNL is now hopeful of that [...]
Automaker coming with IPO 100CR after Adani power in ths fiscal..
Kabirdass Motor Co, maker of ‘Xite’ electric bikes, has approached the market regulator SEBI with a draft prospectus for an initial public offer to part-finance its plans to invest over Rs 100 crore in its business. The company is looking to raise Rs 81.28 crore from the sale of its shares, including Rs 61.28 crore [...]
Sanjay Dutt Productions coming up with IPO soon with name SDP…
Sanjay Dutt is planning a big move in B-Town. After his hectic election rallies and campaigning for polls is reaching its fag end, According to sources close to the Dutt camp, the superstar turned politician is planning to launch the first IPO offer of his production house Sanjay Dutt Productions nicknamed SDP soon. Buzz [...]
Godrej Properties coming up with IPO soon…
Godrej announced that the company would come out with and IPO for Godrej Properties soon. Commenting on the FMCG space, Godrej said he does not see any price cuts. In fact, he said chances of a price hike are higher. Godraj Industries plans to buyback 9.9% stake at a share price not exceeding Rs 275. [...]
Akruti City stock up on news on stock split board meet today…
Akruti City touched an intraday high of Rs 417.90 and an intraday low of Rs 395.85. At 10:32 am, the share was quoting at Rs 402, up Rs 2.10, or 0.53%. It was trading with volumes of 7,043 shares. Yesterday the share closed up 0.31% or Rs 1.25 at Rs 399.90. Akruti City Ltd has [...]
Share price fall on reverse stock split of GM….
Shares of General Motors Corp. tumbled yesterday after the automaker said it is planning a 1-for-100 reverse stock split. GM shares dropped 19 cents, or just over 10 percent, to $1.66. GM said the reverse split would be part of an agreement with the Treasury Department in which the government would assume at least half [...]
