Archive for July, 2009
Adani Power IPO gets green signal from SEBI…
The company is coming out with an initial public offering (IPO) of 3377 lakh shares of face value of Rs 10 each. The net issue to the public would be 3297 lakh shares post reducing the employees’ reserved portion of 80 lakh shares. It intends to utilize the issue proceeds for partly financing [...]
Shree Ashtavinayak cine stocks up on split news….
Shree Ashtavinayak touched an intraday high of Rs 570 and an intraday low of Rs 546. The share was quoting at Rs 552, up Rs 6.85, or 1.26%. The company board has approved 10-for-1stock split. It was trading with volumes of 61,141 shares. Yesterday the share closed down 0.13% or Rs 0.70 at Rs 545.15.
The Pride Hotel in plan to raise 200-250 cr IPO…
The Pride Hotels plans (S.P.Jain owned) to raise Rs 200-250 crore through initial public offering (IPO) to fund its expansion plans. The hotel chain plans to develop seven five-star hotels, including resorts. They chalked out Rs 800 crore expansion plan, of which, some would come through internal accruals and Rs 200-250 crore through IPO [...]
KGN Industries has appoved Stock split…
The members of KGN Industries has approved the resolution for splitting of existing equity shares of the face value of Rs 10 so that each equity share is sub-dividend into 10 equity shares of the face value of Re 1 each. This was approved at the extra ordinary general meeting held on 06 July 2009..
Marico Subsidiary planning IPO in Bangladesh…
Marico Bangladesh (MBL), has received an approval from the Bangladesh Securities and Exchange Commission (SEC) for making an IPO in the country. “It will be for the first time that an overseas subsidiary of Marico will be going public. It will also be for the first time that the Bangladeshi subsidiary of an Indian company [...]
Oil India Ltd(OIL) will hit IPO in september…
Oil India Ltd, the nation’s second-largest state-run explorer, is likely to launch an initial public offering (IPO) in the first week of september. OIL are going ahead with the IPO. Roadshows will be held in August and the offering will open for public subscription in the first week of September, OIL, which produces 3.5 [...]
