Jagannadham Thununguntla of SMC Global is of the opinion that some companies failed to comply simply because there was no investor appetite for their OFS.
Thomas Cook India has got Securities and Exchange Board of India‘s (Sebi) approval for issuing nearly 3.5 crore shares or a 14 percent stake through the institutional placement route.
In an interview to CNBC-TV18, Irfan Razack, chairman and managing director of Prestige Estates said the appetite for IPP was good both from the domestic fund and foreign institutional investors (FIIs). The subscription was almost 2.75 times, he added.
With the June 2013 deadline coming close, the government is eyeing modes to sell up to 6% in Tata communications. This is to comply with Sebi‘s public shareholding norms. Reports, CNBC-Tv18‘s Kritika Saxena.