Fpo

Fpo News

Sahyadri sets up subsidiary for fundraising, IPO on cards
Business

Sahyadri sets up subsidiary for fundraising, IPO on cards

Sahyadri Farms has raised Rs 310 crore last month from a group of European impact investors who picked up a 16.6 percent stake in the company.

YES Bank FPO: Here’s how to check your allotment status; offer had received 93% subscription on last day of bidding
Business

YES Bank FPO: Here’s how to check your allotment status; offer had received 93% subscription on last day of bidding

In its prospectus, YES Bank has mentioned that the funds raised via FPO will be used for growth and expansion.

YES Bank shares plunge 20% as stock continues with its losing streak for fourth straight session
Business

YES Bank shares plunge 20% as stock continues with its losing streak for fourth straight session

Even though YES Bank had sell orders in the Rs 14.60 to Rs 14.80 range on the Bombay Stock Exchange, it had no buyers.

Agriculture Minister Narendra Singh Tomar says 117 more mandis join eNAM platform; total number reaches 962 across India
Business

Agriculture Minister Narendra Singh Tomar says 117 more mandis join eNAM platform; total number reaches 962 across India

Integration of APMC mandis with eNAM will strengthen and facilitate farmers to sell their harvested produce through the online portal, he said.

Central Bank of India to raise Rs 8,000 cr to strengthen core capital to comply with Basel III norms
Business

Central Bank of India to raise Rs 8,000 cr to strengthen core capital to comply with Basel III norms

Central Bank said it will use the enhanced capital for the general business purposes of the bank

Start-ups get a funding boost: Sebi sets easier IPO norms, halves listing time to six days
Business

Start-ups get a funding boost: Sebi sets easier IPO norms, halves listing time to six days

The Sebi board also decided to allow a larger number of companies to raise funds through a 'fast-track' process.

PowerGrid plans to spend Rs 22,500 cr for expansion plans in FY16
Business

PowerGrid plans to spend Rs 22,500 cr for expansion plans in FY16

The company has earmarked a capital expenditure of up to Rs 1 lakh crore for five years, ending 2016-17.

SBI's share sale to raise up to Rs 15,000 cr may be pushed to June
Business

SBI's share sale to raise up to Rs 15,000 cr may be pushed to June

The share sale would happen via the "fast track" follow-on offering route, said the sources. Under the fast-track process, select large companies are exempted from complying with the market regulator's disclosure and filing requirements.

Sebi proposes to cut timeline for listing shares, faster fund raising in new e-IPO norms
Business

Sebi proposes to cut timeline for listing shares, faster fund raising in new e-IPO norms

To boost fund raising from markets, Sebi today proposed e-IPO norms where investors can bid for shares through Internet and eventually on mobiles, while already listed PSUs will be provided a 'fast-track' route for share sales to meet the disinvestment targets.

Sebi approves upto Rs 1,600 cr rights issue of Future Retail
Corporate

Sebi approves upto Rs 1,600 cr rights issue of Future Retail

The company had filed its application with the Securities and Exchange Board of India (Sebi) for the proposed rights issue in July.<br />

Power Grid June-quarter net profit up 9.2% at Rs 1,136 cr
Corporate

Power Grid June-quarter net profit up 9.2% at Rs 1,136 cr

The state-owned transmission utility had posted a net profit of Rs. 1,040.34 crore for the corresponding period a year ago.<br />

 PowerGrid's Rs 7,083 cr FPO opens on Tuesday
Investing

PowerGrid's Rs 7,083 cr FPO opens on Tuesday

The price band for the issue, where PGCIL will offer 78.70 crore shares, has been fixed at Rs 85-90 a share.

Power Grid falls 15%: Secondary issue may be offered at a discount
Investing

Power Grid falls 15%: Secondary issue may be offered at a discount

Shares of Power Grid Corporation of India fell around 15 percent after the company said it would issue 694.5 million new shares in a secondary offering to raise funds.<br /><br />

Did Budget 2013 target tax treaties? FM's silence confuses foreign investors
Investing

Did Budget 2013 target tax treaties? FM's silence confuses foreign investors

TRC issue remains a niggling factor since it comes a year after former finance minister Pranab Mukherjee proposed to introduce general anti avoidance rule (GAAR).

Public offers dip 92% in first half of current fiscal
Investing

Public offers dip 92% in first half of current fiscal

Indian companies raised Rs 772 crore through sale of shares to public investors in the first six months of current financial year

Sebi allows fresh promoter stake sale routes
Investing

Sebi allows fresh promoter stake sale routes

Sebi has been receiving representations from various market participants to provide for more methods to the non-compliant companies.

India Inc fund raising at 5-month low in June at Rs 63 crore
Business

India Inc fund raising at 5-month low in June at Rs 63 crore

India Inc mopped up a meagre Rs 63 crore through public and rights issue of shares in June 2012, making it the lowest figure in five months.

Govt gets its way, arm-twists PSUs into shelling out Rs 7,000 cr as dividends
Business

Govt gets its way, arm-twists PSUs into shelling out Rs 7,000 cr as dividends

All the high-profile meetings between public-sector undertakings and the government have finally ended with an agreement that state-run entities will shell out Rs 7,000 crore in dividends.

Fund-raising: Why India Inc prefers debt over equity
Business

Fund-raising: Why India Inc prefers debt over equity

There was a lull in the primary stock market and it was mostly ECBs or foreign debt that was leveraged to meet funding requirements of businesses this year.