Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on August 14, which is necessary for companies to launch any public offer.
Prime Focus board has okaed Rs 104 crore preferential issue of warrants to promoter, reports CNBC-TV18. At 09:24 hrs Prime Focus was quoting at Rs 53.50, up Rs 0.50, or 0.94%.
Axiata one of Asian's largest telecom companies is likely to be in talks with private equity players to sell up to 5% stake in Idea Cellular. Sources tell CNBC-TV18 that the company may have approached Warburg Pincus, Macquarie PE and StanChart PE with regards to this.