Aug 16, 2021 10:40 AM IST
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
- Jul 27, 2021 02:08 PM IST
As Ruchi Soya files for an FPO, Moneycontrol’s Karunya Rao caught up with Baba Ramdev, Founder, Patanjali Group and Sanjeev Asthana, CEO, Ruchi Soya, to understand the company’s plans to expand capabilities and market share further, how they plan to use the FPO proceeds and the roadmap for Patanjali’s impending IPO.
- May 27, 2021 11:34 AM IST
Swami Ramdev, founder of Patanjali, in 2020 had expressed the intention to launch an FPO this year.
- Jul 17, 2020 09:21 AM IST
There is no dearth of funds for good companies
- Jul 13, 2020 09:12 AM IST
Yes Bank may not have participated in the rally in the banking space since March, but it has not fallen either. Everyone who wanted to exit from the bank has done so
- Feb 07, 2020 09:13 AM IST
That the market is not yet in euphoric territory is seen from its rejection of the ITI FPO
- Oct 07, 2018 10:30 AM IST
In 2018 budget, Centre had reintroduced concessional 10 percent on LTCG tax exceeding Rs 1 lakh from sale of shares, subject to payment of Securities Transaction Tax at the time of acquiring the equities
- Sep 20, 2018 09:03 PM IST
Prime Minister Narendra Modi had earlier talked about doubling the income of farmers by 2022, Minister of State for Agriculture Parshottam Rupala noted.
- May 09, 2017 02:50 PM IST
- Feb 01, 2017 06:00 PM IST
From April 1, 2018, only those investments in equities will be eligible for long term capital gains, where securities transaction tax (STT) has been paid. In other words, only shares bought through the stock exchange platform will be eligible for long term capital gains tax.
- Jan 13, 2017 02:44 PM IST
In a filing to BSE today, the company said it will seek shareholders' approval through postal ballots for "re-deployment of Rs 330 crore received as refund from shipyards which were originally part of the proceeds of the further public offer".
- Oct 02, 2016 08:26 PM IST
Employees of state-owned firms may have the option of investing as much as they want in follow-on public offers by their companies, while in case of IPOs the upper ceiling could go up to Rs 5 lakh once the government gets the green signal from markets regulator Sebi.
- Jun 29, 2016 08:54 AM IST
FPO or Follow-on Public Offer refers to issuance of shares to all types of public shareholders, while rights issue involves issuance to existing investors. In QIP, placement of shares happens with the qualified institutional investors.
- Jun 28, 2016 02:26 PM IST
"The Bank has raised Rs 500 crore by issue of Basel III compliant unsecured redeemable non-convertible Tier II bonds," it said in a BSE filing.
- Jun 02, 2016 12:01 PM IST
The company has posted a net loss of Rs 119.84 crore for the fourth quarter ended March 2016 due to rise in bad loans.
- May 18, 2016 09:24 AM IST
In May last year, the company's board had approved the follow on public offer (FPO) of 10 percent of the post issue equity share capital for augmenting the company's resources to fund business development plans.
- Jul 30, 2015 06:00 PM IST
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.
- Apr 28, 2015 07:53 PM IST
Public sector banks could raise Rs 1.60 lakh crore by reducing government stake to 52 percent. Out of 27 PSBs, Government of India controls 22 through majority holding.
- Apr 24, 2015 12:52 PM IST
State-run SBI received shareholders' approval to raise funds in February as part of efforts to strengthen its balance sheet on hopes of a pickup in loan demand in Asia's third-largest economy.
- Feb 27, 2015 05:54 PM IST
According to the Survey tabled in Parliament today, Indian firms mobilised a total of Rs 2,80,885 crore from the primary markets during April-December period of the current fiscal, higher than Rs 2,27,398 crore garnered in the year-ago period.
- Jan 28, 2015 03:28 PM IST
The funds mobilised by companies through QIP issues rose to Rs 2,559 crore in December from Rs 491 crore in the preceding month. December represented the third highest level of fund raising via QIP for a month.
- Dec 29, 2014 12:39 PM IST
Saving grace came in the form of the 33 QIPs this calendar year, which saw Rs 31,684 crore being raised from institutional investors, the highest in 5 years, accounting for 81 percent of the total amount mobilized this year, says Pranav Haldea, managing director, PRIME Database.
- Dec 26, 2014 12:08 PM IST
The board of directors of the bank approved the holding of extraordinary meeting on February 13 for seeking shareholder approval for raising of equity capital by way of FPO/QIP/ESPS or in any combination thereof.
- Dec 07, 2014 03:01 PM IST
To encourage participation of small investors in PSU disinvestments, government has decided to double the quota reserved for retail investors to 20 percent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.
- Nov 24, 2014 05:08 PM IST
Besides, the regulator has sought clarification or additional information from the merchant bankers of some of the firms.