SBI's proposal for a fund raise comes at a time other private sector lenders, including Axis Bank and IDFC First Bank, have sought to raise capital.
Farmer Producer Organisations are critical to improving agriculture
In FY24, NABARD secured the highest mobilisation through debt private placements at Rs 51,855 crore closely followed by REC and HDFC
NCDEX offers early pay-in facility to FPOs, reduces cost of hedging Deposits allowed anytime after taking sell position
Food Processing Minister Harsimrat Kaur Badal said the government will soon come up with two new schemes for setting up of agro-processing clusters and creation of backward- forward linkages as part of its objective to double processing level from the current 10 per cent.
The move is aimed at helping the shareholders make an exit if they feel dissatisfied with any change in business plan of the company concerned after raising funds through IPOs, FPOs or any other capital-raising exercise involving public investors.
The Mumbai-based company had filed its draft papers with the Securities and Exchange Board of India (Sebi) for the proposed public offer in September. Sebi issued its final 'observations' on the draft red-herring prospectus (DRHP) documents on December 9, according to the latest update by the capital markets regulator.
The funds raised from the issue would be utilised towards repayment of certain borrowings availed by GMR Infrastructure, investment in its subsidiary - GMR Energy Ltd - as well as for general corporate purposes.
The move would drastically cut down the number of pages in offer documents or prospectus for IPOs and FPOs, which are currently very bulky in nature and run into hundreds of pages.
Despite sluggish market conditions, as many as six small and medium sized companies have launched their initial public offers (IPOs) worth Rs 70 crore, on the BSE's SME platform in the past one month.
Market regulator Sebi today proposed to bring more classes of financial instruments, including insurance policies and fixed deposits, under the ambit of asset categories that can be held in demat or electronic form.
A foreign Individual, a foreign pension fund or even a foreign trust can invest in initial public offerings (IPOs) or follow-on public offers (FPOs) of Indian companies.
Public offers seem to have gone out of favour with Indian companies, which raised over Rs 11,000 crore through IPOs and FPOs in the first six months of 2011, just one-third of the year-ago levels.
Dharmesh Mehta, MD & Head of Broking at Enam Securities tells CNBC-TV18 that majority of foreign investors are under-invested in India right now. Lack of clarity on reforms and policies is what is ailing inflows, and therefore, once the government sets things right, we will see huge cash and equity inflows into our market, he says.
Prithvi Haldea, CMD of Prime Database, in interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, gave his outlook on the several lined up FPOs and also shared his view on some stocks which have been in news for a couple of days now.
Nilesh Shah, President - Corporate Banking, Axis Bank in an interview with CNBC-TV18 gave his readings and outlook for the markets. He said that there is lack of supply in the markets and this is keeping investors continue to hold on to their positions in the market.
India Inc's fund-raising, both through equity and debt, touched record highs last calendar, shows Bloomberg's India Capital Markets League Tables for 2010.