Taksheel Solutions has reported a standalone sales turnover of Rs 51.02 crore and a net profit of Rs 3.82 crore for the quarter ended Dec '12
The Securities Appellate Tribunal (SAT) has directed Sebi to complete its probe against PNB Investment Services in an IPO matter within two months, failing which the regulator's interim order will be upturned.
Taksheel Solutions has reported a sales turnover of Rs 42.38 crore and a net profit of Rs 2.99 crore for the quarter ended Sep '12
Reliance Communications | Sterlite Industries | 3i Infotech | Reliance Power | Union Bank of India | HUL | Godrej Properties | Morarjee Textiles | Munjal Auto | DLF and M&M are stocks, which are in the news today.
In its biggest crackdown in five years since the NDSL scam, the regulator today cracked its whip on seven companies that had undertaken IPOs recently. A blanket ban has been placed on the promoters, directors, merchant bankers and market intermediaries of the companies from involving in capital markets.
The IPOs of broking firm Indo Thai Securities, Transformers manufacturer M and B Switchgears, Aircharter service provider Swajas Air Charters and bulk container manufacturer Flexituff International were over subscribed on the final day of the issue today.
The initial public offering of IT firm Taksheel Solutions was over subscribed by 1.18 times on the third day of the issue today, while other IPOs struggled to attract investors.
Taksheel Solutions' (TSL) Rs 80 crore IPO has opened for subscription today. According to SMC Research the issue seems to be fairly priced and captures the growth potential of the company in the immediate future.
In an interview to CNBC-TV18, Pavan Kumar Kuchana, chairman and managing director, Taksheel Solutions said, the company will use Rs 22 crore of IPO proceeds for acquisitions.
Information-technology firm Taksheel Solutions Ltd (TSL) will launch its Rs 800 million (Rs 80 crore) initial public offering on Sept 29, a top official said.