Archive for November, 2009
United Bank of India (UBI) has got approval for IPO from RBI…
United Bank of India (UBI) has got the approval from Reserve Bank of India (RBI) to launch initial public offering (IPO), which will reduce the government stake in the bank by 16 percent.
The bank would file the offer document for the same by November-end and the issue is likely to hit the market by [...]
Godrej Properties with IPO in next two months…
If market sentiment is favourable, Godrej Properties be able to complete the IPO in the next two months. They recently re-filed the prospectus with SEBI. They will issue 13.5 per cent equity and the entire proceeds from the IPO will be invested in real estate projects.
Record date for Allied Digital Services stock split announced
Allied Digital Services has fixed 12 November 2009 as the record date for the purpose sub-division / stock split of Rs 10 per share of the company into the shares of Rs 5 each.
Kanani Industries’ board approves stock split
The board of Kanani Industries has decided to sub divide the shares of the company from Rs. 10 per share to Rs. 5 per share.
This was decided at the board meeting held on 03 November 2009
Panacea Biotec – Buy Call
Panacea’s reported mix set of numbers with a) Revenue grew by 15% to Rs1.69bn (est. of Rs1.65bn), b) Operating margins were flat at 16.6% (est. of 23%) and C) APAT of Rs21mn vs. loss of Rs20mn in Q2FY09 (est. of 128mn). Though revenue was in-line mainly because of 16% growth in vaccine business and 9% [...]
Sterlite Energy IPO Soon – filed by Sterlite Industries
Sterlite Industries filed regulatory application for an initial public offering of Sterlite Energy to raise up to Rs 5100 crore.
Sterlite Energy intends to use the net proceeds from the initial public offer (IPO) to partially finance the construction and development of power projects in Jharsuguda and Talwandi. Sterlite Energy is engaged in the commercial power [...]
