Investment bankers plan to approach the Securities and Exchange Board of India (Sebi), for relaxation of rules relating to the the institutional placement programme (IPP) and offer for sale (OFS) to achieve next year’s public shareholding deadline. Bankers will ask Sebi to relax certain norms like the 100 per cent upfront margin requirement, time gap between two IPPs and some norms on issue pricing
The government has decided to put its plan to divest its stake in power equipment maker Bharat Heavy Electricals (Bhel) on hold. The company has withdrawn the draft red herring prospectus (DHRP) for a
Fund raising through equity public issues is expected to be about Rs 23,969 crore in financial year ending March 31, almost half the amount of Rs 46,267 crore raised during the financial year
After a lukewarm response to the offer for sale (OFS) route for offloading equity stake in companies, promoters of Mumbai-based Godrej Properties have decided to test the institutional placement
The Securities and Exchange Board of India (Sebi) is not planning to make any changes to the recently-introduced offer for sale (OFS) or the auction route. There was a perception it may tweak norms
India Inc’s fund-raising activity, especially through the equities route, plunged during the 2011-12 financial year, due to weak secondary market conditions. Equity fund mobilisation from the
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