Posts in category Business Standard
4 IPOs to hit the market next week; Aadhar Housing refiles IPO papers (02-02-2024)
Capital Small Finance Bank (Rs 523-crore issue), Small Finance Bank (Rs 570 crore) and Rashi Peripherals', (Rs 600 crore) IPO opens on February 7, while Apeejay Surrendra Park's Rs 920-crore IPO opens
Jana Small Finance Bank, Capital SFB IPOs to open on February 7 (02-02-2024)
Bangalore-based Jana SFB is looking to raise Rs 570 crore with Rs 462 crore worth of shares through fresh issuance
Capital Small Finance Bank fixes Rs 445-468 as price band for its IPO (02-02-2024)
Capital Small Finance Bank on Friday fixed Rs 445-468 per share as the price band for its Rs 523-crore initial public offer opening on February 7.
The issue consists of Rs 450 crore of fresh issue and the remaining Rs 73 crore of offer for sale through which promoters and external investors will dilute 5 per cent of their pre-issue holdings.
The Jalandhar-based bank, which began operations in 2016 after converting itself from a local area bank, is 24 per cent owned by the promoter family led by Sarvjit Singh Sarma and his family, which will come down by to 18.4 per cent post issue, its managing director and chief executive Sarma told PTI here.
Oman India Joint Investment Fund II is the single largest external shareholder in the bank, with a 9.5 per cent stake, which will sell its 20 per cent or 8,36,728 shares of its pre-issue holding.
External investors own 40 per cent of the bank. American Capital, which owns 5 per cent, will divest 10 per cent or 1,51,153 equity shares, and Amic
Sebi panel for abolishing security deposit requirement in public issues (02-02-2024)
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market.
Under the current rule, any company that is looking to launch a public or rights issue of equity shares has to deposit with the stock exchanges an amount equal to 1 per cent of the issue size. The deposit is returned to the company after the public issue.
In the consultation paper issued by Sebi, the committee suggested that the requirement of 1 per cent security deposit for public or rights issues may be done away with.
Explaining the rationale behind the move, the committee said that the requirement of 1 per cent security deposit was put in place for public/rights issues so that an issuer resolves investor complaints relating to the transaction such as for refund of application money, allotment of securities and dispatch of certificates.
However, ...
Post-Budget optimism takes Nifty to new high; Sensex ends 440 points higher (02-02-2024)
Softening of US, domestic bond yields spurs appetite for risky assets
Alok Industries receives credit ratings from CARE (02-02-2024)
Long term bank facilities (Rs 3500 crore) - CARE AA+; Stable
Long term / short term bank facilities (Rs 190 crore)- CARE AA+; Stable/ CARE A1+
Short term bank facilities (Rs 10 crore) - CARE A1+
Vikas Lifecare update on its subsidiary – IGL Genesis Technologies (02-02-2024)
Vikas Lifecare announced an update from IGL Genesis Technologies (IGTL), the joint venture company formed between Genesis Gas Solutions (GGSPL) (subsidiary of the company) & Indraprastha Gas (IGL).
Board of Andhra Paper approves capex of Rs 270 cr for new tissue paper machine (02-02-2024)
At meeting held on 02 February 2024
Tata Motors receives affirmation in credit ratings from CRISIL (02-02-2024)
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Sebi mulls removing 1% security deposit for IPOs and rights issue (02-02-2024)
The regulator added that the number of complaints per IPO have reduced after the implementation of T+3 (Trade day plus three days) listing cycle