NTPC’s equity comprises 8.24 billion shares. At today’s market price of Rs 156, sale of 10 percent of the company’s equity will fetch it Rs 12,863 crore. There will be no fresh issue of shares by the company. The government currently holds 69.74 percent stake in the company.
The initial public offer (IPO) of pharmaceutical firm Laurus Labs was subscribed 28 per cent on the first day of the bidding today.
The listing will take place at the NSE in presence of L&T Group Executive Chairman A M Naik and other top officials along with merchant bankers.
The IPO received bids for 14,29,46,840 shares against the total issue size of 1,22,50,000 shares, data available with the NSE till 1930 hrs showed.
The Rs 1,040 crore-IPO received bids for 1,90,59,250 shares against the total issue size of 1,73,46,150 shares, data available with the NSE till 1700 hrs showed.
L&T Infotech, an arm of engineering giant Larsen and Toubro (L&T), has received capital markets regulator SEBI's approval for its proposed initial public offering (IPO)
The IPO comprises fresh issue of shares worth Rs 400 crore and an offer for sale of up to 37.67 lakh equity shares by the existing shareholders -- Indivision India Partners and Leon International.
The Draft Red Herring Prospectus (DRHP) was filed with the Securities and Exchange Board of India yesterday for the Initial Public Offer, wherein the promoters and other existing shareholders will collectively sell 1.16 crore shares of the company amounting to 14.1 percent stake.
InterGlobe Aviation Limited, which runs the country's biggest airline by market share under 'IndiGo' brand, has offered to issue fresh shares worth Rs 1,272 crore, an equivalent amount can be raised through sale of up to 3.01 crore shares by its existing shareholders.
The issue comprises of fresh issue of equity shares worth Rs 1,100 crore and offer for sale up to 17,568,408 scrips by existing shareholders including Beacon India Private Equity Fund and GPE (India) Ltd, RBL Bank said in Draft Red Herring Prospectus(DRHP) filed with Sebi.
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on May 28, which is necessary for companies to launch any public offer.
India's largest digital cinema distribution network company UFO Moviez India is going to open its Initial Public Offerings (IPO) on April 28, which will close on April 30, 2015.
The firm would garner up to Rs 400 crore by issuing fresh equity shares, while private equity firm TPG Capital, Oriole Ltd and the company's promoter Ravi B Goyal would rake in up to Rs 950 crore through the sale of existing shares, according to draft documents filed with Securities and Exchange Board of India (Sebi).
UFO Moviez India a India‘s largest digital cinema distribution network and in-cinema advertising platform has filed DRHP with SEBI to raise Rs 750 crore via its public issue.
Will this sudden surge in liquidity thanks to central banks around the world and the cash sitting on corporate balance sheets especially in the US give new life to the business of buying businesses?