Japan's SoftBank Group to book $11 billion profit on sale of shares in China’s Alibaba Group Holding
Japan’s SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd
145 SMEs raise record Rs 2,455 crore via IPOs in 2018; more firms eye to tap maiden offer route for raising funds
SEBI's move of bringing down the minimum anchor investor size in SME IPO to Rs 2 crore from Rs 10 crore has helped several anchor investors participate in initial share-sales of such firms.
Budget 2018: Reduction in corporate tax, long term gains tax will make investments in SME stocks lucrative
The value of these companies or SMEs will increase as the future earnings projections will go up because of the reduced tax
This is part of plans to garner Rs 15,000 crore capital from markets in the current fiscal.
In the last six years, the government has been able to meet only 64 percent of its stake sale target
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.
HDFC Bank, India's largest lender by market value, launched a share offer in the United States and India on Wednesday to raise up to $1.6 billion.
Coal, Coal India, Share Sale, Coal India Limited, investment in India, Indian Industries
This is a wake up call for other state-run banks too to begin tapping the fresh investor appetite before the market gets crowded by a series of similar issues
The slow cutting of the umbilical cord between the founders of Infosys and the company is good for everyone: the founders, who get to invest it elsewhere, and the company, which can now reinvent itself
The SAIL offering would be the first PSU share sale under the new government, which targets to raise Rs 43,425 crore through selling shares in various state-owned firms during current fiscal.
State Bank of India, the country's largest lender, will raise up to Rs 9576 crore ($1.53 billion) through a share sale to institutional investors or a follow-on public offer, it said in a statement late on Friday.
The government divested 1.02 percent, or 6.13 lakh shares, in STC at a base price of Rs 74 a piece. At the indicative price, the average price at which bids<br /><br /> came in, of Rs 74.01 a share, the disinvestment would fetch around Rs 4.54 crore to the exchequer.
The offer to sell 3.55 crore shares of Adani Power by promoter entity Adani Agro was oversubscribed today.
SKS, backed by investor George Soros, among others, went public last August in a successful initial public offering and raised $358 million