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SBI public offer likely next fiscal
State Bank of India will raise fresh capital through a public offer next fiscal after SBI amendment bill is approved by the Parliament, SBI Chairman O P Bhatt said on Thursday."In the meantime, the bank will raise around Rs 2,000 crore of tier II capital by March," Bhatt said here.
TCS inks services deal with United Biscuits
In its second major UK deal in less than 10 days, IT major Tata Consultancy Services (TCS) has signed a multi-million-pound managed services contract with European biscuit and snack manufacturer, United Biscuits (UB), beating the incumbent supplier of the last five years to win the contract.
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Gujarat, state to get lion's share of RIL gas
Reliance Industries (RIL), which is set to corner almost a 50% share of the country’s gas market from mid-June 2008, is now giving final touches to its marketing plans.
While RIL’s home state Gujarat, where its own refinery is located, is expected to get the maximum share of 25 mmscmd, Maharashtra follows closely and is expected to corner another 20 mmscmd. Andhra Pradesh, which will be the landfall point for the gas, would get 15-20 mmscmd, while Reliance National Resources’ (RNRL) Dadri plant is expected to get 18 mmscmd.
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Reliance eyes Maratha Stores
Mukesh Ambani’s Reliance Retail has stepped on the gas and moving real fast on acquisitions. After bidding for Adani Retail in Gujarat, the company is now in advanced stages of talks for acquiring Maratha Stores, a Mumbai-based local co-operative store chain.
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Ess Dee subscribed over two times
The initial public offer of Ess Dee Aluminium has been oversubscribed 2.29 times, while XL Telecom has been fully subscribed on the third day of offer.
XL Telecom with interests in mobile handset assembly has been oversubscribed by 1.58 times, receiving a total of over 62.42 lakh bids for its offer of 69.60 lakh shares.
The price band for the issue, which would close on December 7, has been fixed between Rs 125-150.The proceeds from the IPO would be deployed in establishing an increased capacity in the solar photovoltaic division and for setting up a surface mounting technology (SMT) line for the manufacture of motherboards for mobile and fixed wireless phones business.
Ess Dee Aluminium engaged in packaging for pharma companies, IPO was subscribed by 2.29 times and received a total of over Rs 1.59 crore.The portion reserved for the Qualified Institutional Buyers has been subscribed by over 4 times receiving robust response from Foreign Institutional Investors.The price band for the issue has been fixed between Rs 200 to Rs 225.Another IPO of Nissan, has been subscribed 46 per cent of its offer of 75 lakh equity shares.Nissan's price band has been fixed between Rs 33-39 per share.Both Ess Dee and Nissan offers would close on December 8.
State Bank of India will raise fresh capital through a public offer next fiscal after SBI amendment bill is approved by the Parliament, SBI Chairman O P Bhatt said on Thursday."In the meantime, the bank will raise around Rs 2,000 crore of tier II capital by March," Bhatt said here.
TCS inks services deal with United Biscuits
In its second major UK deal in less than 10 days, IT major Tata Consultancy Services (TCS) has signed a multi-million-pound managed services contract with European biscuit and snack manufacturer, United Biscuits (UB), beating the incumbent supplier of the last five years to win the contract.
To Read MoreClick Here
Gujarat, state to get lion's share of RIL gas
Reliance Industries (RIL), which is set to corner almost a 50% share of the country’s gas market from mid-June 2008, is now giving final touches to its marketing plans.
While RIL’s home state Gujarat, where its own refinery is located, is expected to get the maximum share of 25 mmscmd, Maharashtra follows closely and is expected to corner another 20 mmscmd. Andhra Pradesh, which will be the landfall point for the gas, would get 15-20 mmscmd, while Reliance National Resources’ (RNRL) Dadri plant is expected to get 18 mmscmd.
To Read MoreClick Here
Reliance eyes Maratha Stores
Mukesh Ambani’s Reliance Retail has stepped on the gas and moving real fast on acquisitions. After bidding for Adani Retail in Gujarat, the company is now in advanced stages of talks for acquiring Maratha Stores, a Mumbai-based local co-operative store chain.
To Read MoreClick Here
Ess Dee subscribed over two times
The initial public offer of Ess Dee Aluminium has been oversubscribed 2.29 times, while XL Telecom has been fully subscribed on the third day of offer.
XL Telecom with interests in mobile handset assembly has been oversubscribed by 1.58 times, receiving a total of over 62.42 lakh bids for its offer of 69.60 lakh shares.
The price band for the issue, which would close on December 7, has been fixed between Rs 125-150.The proceeds from the IPO would be deployed in establishing an increased capacity in the solar photovoltaic division and for setting up a surface mounting technology (SMT) line for the manufacture of motherboards for mobile and fixed wireless phones business.
Ess Dee Aluminium engaged in packaging for pharma companies, IPO was subscribed by 2.29 times and received a total of over Rs 1.59 crore.The portion reserved for the Qualified Institutional Buyers has been subscribed by over 4 times receiving robust response from Foreign Institutional Investors.The price band for the issue has been fixed between Rs 200 to Rs 225.Another IPO of Nissan, has been subscribed 46 per cent of its offer of 75 lakh equity shares.Nissan's price band has been fixed between Rs 33-39 per share.Both Ess Dee and Nissan offers would close on December 8.
posted by SY at 12:28 PM
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