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    • Baba Ramdev’s Ruchi Soya receives SEBI approval to launch FPO

      More than half the amount raised will be used to pare the company's huge debt burden. The FPO will help the company comply with SEBI’s minimum 25 per cent public shareholding norm in a listed entity

    • Exxaro Tiles gets Sebi approval to float IPO

      Exxaro Tiles, which filed preliminary IPO papers with Sebi in March, has received the observations from Sebi, as per an update from the regulator on Monday. Sebi's observations is necessary to launch public issues like Initial Public Offer (IPO), Follow on Public Offer (FPO) and Rights Issue.

    • Vijaya Bank up 9% on shareholders' approval to raise Rs 900 cr

      At its annual general meeting held on June 24, 2016 the shareholders of the company has approved to allot equity shares of Rs 900 crore by way of right issue of follow-on public offer.

    • Govt looking at enhancing capital allocation for PSBs: FM

      Government is examining the possibility of suitably enhancing the capital allocation for public sector banks (PSBs) during this fiscal, Finance Minister Arun Jaitley has informed the Rajya Sabha.

    • IDBI looking at FPO to shore up capital base

      The bank is waiting for valuation before coming out with a follow-on public offer.

    • SAIL stake sale this month; greater incentives for retail

      The government is proposing to offload 5 percent stake in SAIL this month and provide more incentives to retail investors to increase their participation.

    • FinMin hikes retail investor quota in OFS to 20%

      The present retail investor quota in OFS is 10 percent, while 30 percent is reserved for them in the Follow on Public Offer (FPO).

    • Power Grid falls 4% post FPO shares hit market

      State-run electric utilities company's 78.7 crore shares follow-on public offer, which was opened for subscription during December 3-6, was subscribed nearly 7 times on large support from qualified institutional investors.

    • Power Grid FPO to hit mkt on Dec 3;priced at Rs 85-90/share

      The price band for the issue has been fixed at Rs 85-90 a share, PGCIL said in a filing to the BSE. Shares of PGCIL closed at Rs 95.05, up 0.69 percent on the BSE. The sale of 78.70 crore shares could fetch around Rs 7,083 crore at the upper end of the price band.

    • Power Grid share sale likely to open on Dec 3: Sources

      The offering includes fresh issue of 60.1 crore shares and disinvestment of 18.5 crore shares, or 4 percent stake, by the Indian government.

    • PowerGird FPO anytime next month; govt may raise Rs 1,900cr

      According to the company, the government could get about Rs 1,900 crore from the process, while the company will garner about Rs 6,000 crore from the sale of fresh equities.

    • Power, Coal Mins to speed up NTPC coal blocks re-allocation

      The Power Ministry is in constant touch with Coal Ministry to speed up the re-allocation of three mines to NTPC, which would boost the power producer's valuation ahead of its Rs 12,000 crore disinvestment this fiscal.

    • NTPC 9.5% stake sale likely on Jan 15

      The government is likely to divest 9.5 per cent of its stake in the largest power generator NTPC on January 15, sources said. "NTPC is next on the government's divestment agenda.

    • DLF likely to pare stake via FPO by June

      Realty major DLF said it is likely to bring a follow-on public offer (FPO) before June to dilute promoters' stake to 75 per cent as per market regulator Sebi's guidelines.

    • Sebi board meet: What's on the agenda?

      The Securities and Exchange Board of India (Sebi) board meet on Saturday may just be a big bang event with a whole host of crucial items on the agenda.

    • RBS analyses SEBI's new norms on public issues

      At the early part of this week, SEBI came out with some new recommendations mostly to get the minimum shareholding norms into place. Brijesh Mehra of RBS says, the intent of SEBI is to facilitate faster execution.

    • LinkedIn raises follow-on offering

      LinkedIn Corp raised its follow-on public offering to about 8.75 million shares and priced it at USD 71 a share in a bid to raise working capital, including further expansion of its product development and field sales organizations.

    • Divestment dept to decide on ONGC FPO in few days: Sources

      As the government grapples with a huge revenue gap, there finally seems to be some action on the disinvestment front. CNBC-TV18 learns that the much delayed ONGC follow-on public offer (FPO) might see the light of the day soon, reports CNBC-TV18's Aakanksha Sethi.

    • BHEL in process of appointing two independent directors

      The Department of Heavy Industry is in the process of appointing two more independent directors on the board of BHEL to achieve compliance with listing norms, prior to the power equipment-maker's follow-on public offer.

    • BHEL FPO may happen before ONGC issue: Disinvestment Secy

      In an interview to CNBC-TV18, Mohammad Haleem Khan, Disinvestment Secretary said, Oil and Natural Gas Corporation's follow-on public offer (FPO) will be reviewed after a fortnight. According to him, BHEL FPO may happen before ONGC FPO.

    • Govt puts ONGC FPO on hold

      The government has decided to put follow-on public offer of ONGC on hold. Government in a notice sent to ONGC said selling shareholders have decided not to proceeds with issue. "We shall evaluate decision on issue in due course," according to notice.

    • ONGC share sale may open on September 20 or 27

      State-owned Oil and Natural Gas Corp's (ONGC) much-delayed Rs 12,000 crore follow-on public offer may open on September 20 or 27.

    • Govt refuses to fix timeframe for much-delayed SAIL FPO

      Amid volatility in the stock markets, the government refused to give a timeframe for the much-delayed share sale of state-run SAIL, while expressing hope that the FPO of the Maharatna company would happen in the current fiscal.

    • IDBI Bank may expand equity base in 2012-13

      Public sector lender IDBI Bank may go for equity base expansion in the next financial year, a top bank official said today.

    • Govt selects 4 merchant bankers for BHEL FPO: Sources

      The government has selected four merchant bankers for the follow-on public offer of BHEL, reports CNBC-TV18 quoting sources of NW18.

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