The company is also planning to invest Rs 6,000 crore as capex comprising Rs 1,200 crore equity and Rs 4,800 crore debt during the current year, EESL's Managing Director Saurabh Kumar said.
The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) was oversubscribed 7.55 times on the second day of bidding today, helped by strong investor response.
The initial share-offer of GTPL Hathway, a part of Hathway Cable and Datacom, will be open for public subscription on June 21 and close on June 23.
A Bloomberg report quoted people familiar with the matter as saying that top Tata officials have held preliminary internal discussions in recent months over listing the luxury car maker on an international stock exchange.
The initial public offering (IPO) of Central Depository Services (India) Ltd (CDSL) was oversubscribed 2 times on the first day of the three-day bidding process today.
AU Small Finance Bank today said it has fixed a price band of Rs 355 to Rs 358 per share for its initial public offering (IPO).
Chairman of GTPL Hathway A Jadeja said that 1.4 crore equity shares would be offloaded as 'Offer for Sale' to raise Rs 240 crore and another Rs 240 crore by way of offering fresh equity.
Gitanjali Gems' arm Nakshatra World has received capital markets regulator Sebi's go-ahead to float an initial public offering.
The company will only be listed on National Stock Exchange and not on BSE since the latter is the promoter of the depository firm.
Dalal Street is likely to see a line-up of IPOs this month with at least four companies –Tejas Networks, Central Depositary Services, Eris Lifesciences, and Au Small Finance Bank – reportedly looking to raise up to Rs 5,000 crore in all through initial issues.
A senior official associated with the development said the Bank wants to space out the IPO, so that they do not clash with the other issues that will come out this year.
The IPO of India Grid Trust, second in the infrastructure investment trusts (InvIT) space, was subscribed 1.17 times. The price band for the offer, open during May 17-19, was set at Rs Rs 98-100 per unit.
Company will use the proceeds from the IPO towards repayment of loan and other general corporate purpose.
The Anil Ambani-led Reliance Infrastructure (RInfra) today said it has received a final nod from market regulator the Securities and Exchange Board of India (SEBI) for its proposed Rs 2500 crore infrastructure investment trust.
State-owned general insurer New India Assurance and reinsurance firm General Insurance Corporation of India (GIC Re), as also HDFC Life are among the other names that may launch their share-sale offers.
The surgical thread maker, which has been valued at around Rs 5,000 crore, is unlikely to issue fresh shares.
The IPO, the second in infrastructure investment trust (InvIT) segment, will open on May 17 and close on May 19. It commands a price band of Rs 98-100 per unit.
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
Dinesh Kumar Khara, MD of SBI spells out the plans for SBI Life IPO.
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
Divestment is being done with a purpose to share the wealth of the company with the public, said Neeraj Kumar Gupta, DIPAM Secretary.
The company had filed draft paper with Sebi in February for the proposed IPO and received regualtor's observation on April 28, which is necessary for any company to launch public offer, as per the latest update.
In the loan book of Rs 36,386 crore - around 31 percent comprises loan to the housing sector and the rest for infrastructure. Close to 90 percent of loans have been granted to state governments and their agencies. Besides being an entity of the government that lends a lot of comfort to the investors, Hudco enjoys several other tailwinds.
The IPO may or may not involve fresh issue of shares but part stake sale by majority shareholder CX Partners is certain, a person familiar with the IPO process said.
The initial public offer of IRB InvIT Fund to raise more than Rs 5,000 crore was oversubscribed 8.57 times on the last day of offer today.