Financial Daily from THE HINDU group of publications
Friday, Feb 17, 2006
Financial Daily from THE HINDU group of publications Friday, Feb 17, 2006 |
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Markets
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Public Offer Money & Banking - Private Banks SIB fixes cut-off price at Rs 66 Our Bureau
Kochi , Feb. 16 THE Rs 150-crore South Indian Bank follow-on public issue, which closed on Wednesday, was oversubscribed more than seven times. Based on the final order book position, the oversubscription levels and the recommendations of the book-running lead managers, the bank has decided to fix the cut-off price at the upper band of Rs 66 per share. Goldman Sachs, UBS Securities, Marshall Wace and ABN Amro Asia (Mauritius) were among the FII applicants. SBI MF and LIC Mutual Fund were the major Indian counterparts.
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