PE major Blackstone said to be the front runner, issue likely to be rolled out at Rs 210 - 215
Up to 176 crore shares will be issued at Rs 11.28 apiece
The shares of Voda Idea will be in focus after Vodafone Plc announced plans to offload shares worth Rs 2,700 crore in a block trade on December 5.
Reliance Infrastructure aims to raise Rs 6,014 crore to support its expansion plans. Initially, it will secure Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a QIP.
The funds will be raised in one or more tranches through methods including Further Public Offer (FPO), Qualified Institutional Placement (QIP), Rights Issue, Preferential Issue, or other permitted modes, the green financing NBFC said.
The shareholder voting had been conducted in response to an intimation dated June 10 proposing a special resolution to issue equity shares on preferential basis to vendors Nokia and Ericsson.
The company had failed to alert the exchange on time about a preferential issue
Jain Irrigation board approves preferential issue of 4.97 crore shares at Rs 80 per share to non-promoters to raise Rs 398 crore. The board also approved to raise of USD 40 million via FCCBs and USD 75 million via overseas borrowing, reports CNBC-TV18.
Edserv Softsystems board to consider preferential issue of shares/warrants to Promoters/Institution, reports CNBC-TV18. At 09:27 hrs Edserv Softsystems was quoting at Rs 18.85, up Rs 0.40, or 2.17%.