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The regulator had initiated proceedings and sent notices to Saraogi and Vimala in 2017 wherein it was alleged that both violated PIT (Prohibition of Insider Trading) norms.
State-owned Cochin Shipyard today filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,400-1,500 crore through an initial public offering.
Speaking to CNBC-TV18 Suhas Harinarayanan, JM Financial Institutional Securities, says markets were expensive a couple of months ago.
The other joint global co-ordinators are JM Financial Institutional Securities and Kotak Mahindra Capital Company. Besides, the exchange has engaged Cyril Amarchand Mangaldas as the legal advisor.
India's growth is largely being driven by global factors at the moment and some domestic factors are also pricing in, says Suhas Harinarayanan of JM Financial Institutional Securities.
The company's Rs 760-crore initial public offering (IPO), which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11.
The initial public offering (IPO) of diagnostics company Thyrocare Technologies has been over subscribed 2.24 times on the second day of the offer today.
The Rs 479.21-crore IPO received bids for 77,30,514 shares against the total issue size of 75,21,297 shares, as per the NSE data till 1200 hrs.
The firm, which runs a diagnostics laboratory chain across the country, will come out with a public issue of up to 10,744,708 equity shares of Rs 10 each for cash.
The bidding for shares in the IPO of Ujjivan Financial will remain open from April 28-May 2, 2016, according to a public announcement.
The company, which had filed its draft red herring prospectus (DRHP) with Sebi on December 31 for launching the IPO, received clearance from the regulator on February 24, according to the latest update.
JM Financial and Seabury will jointly provide investment banking advisory services to each party's clients who may be seeking investment opportunities or may like to identify suitable strategic partnerships for their respective businesses.
The Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer document of the company on August 5, which is necessary for any company to launch a public offer.
Calling MSP rate hike to be ‘modest‘, Suhas Harinarayanan, Executive Director- Institutional Equity Research, JM Financial Institutional Securities said this is one of the few steps taken to ensure that food inflation is under control.
Among large caps, Anmol Ganjoo likes Dr. Reddy‘s Labs, Lupin and Cipla. He picks Ipca and Torrent Pharma from the mid cap space.
As part of the restructuring programme, the company has embarked on an asset light strategy to pare down its debt and has appointed JM Investment Banking as its financial advisor. As part of this process, expressions of interest are being invited for The Leela Goa and The Leela Palace Chennai.
Mehul Thanawala of JM Financial Institutional Securities expects Oil and Natural Gas Corporation (ONGC) to remain in Rs 250-270 range in the near term.
Mehul Thanawala of JM Financial Institutional Securities talks about upstream companies such as ONGC and GAIL, their under-recovery position and stock price. He talks about whether there is a possibility of a re-rating of the GAIL stock. He also shares his views on Oil India and Cairn.
Sameer Lumba of JM Financial Institutional Securities believes the JLR franchise remains strong and therefore, they are positive about the stock and approaching it with a long-term view. "JLR obviously has a very strong franchise. I don‘t see longer term challenges there for the franchise that they have built," he explained.
Non-Banking Financial Companies (NBFCs) reported a pretty strong set of numbers during the current quarter, says Karan Uberoi of JM Financial Institutional Securities. "Most of the retail based NBFCs reported earnings growth of about 25-30 percent with healthy loan growth in excess of 20 percent," he adds.
