MARKETS
PRIVATE PLACEMENT
ICICI to sell 5.9% in new arm for Rs 2,650 cr
ICICI Bank will issue a 5.9 per cent stake in its proposed subsidiary (the holding company for its non-banking businesses) for Rs 2,650 crore to private investors. This would value the subsidiary at Rs 44,600 crore on a post-issue basis, said ...
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PREFERENTIAL ALLOTMENTS
Southern Iron allots shares at a premium of Rs 52 to FIs
Jindal promoted Southern Iron and Steel Company Ltd allotted 2.56 crore equity shares at a premium of Rs 52 per share against the optionally convertible loan of Rs 158.93 crore to banks/financial institutions. The company has also proposed to ...
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OVERSEAS BORROWINGS
NEPC defers GDR issue plans
With reference to an earlier announcement on the proposed preferential warrant and GDR issues, NEPC India Ltd has informed BSE that due to unavoidable reasons and anticipated delays, the company proposes to defer the agenda and reconsider the ...
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FINANCIAL SERVICES
IndusInd Bank plans subsidiary for wealth management
Bank plans to launch wealth management subsidiary
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STOCKS
Second-rung pharma stocks outdo index since May
Increased investor interest in CRAMS companies
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Great Offshore, GE Ship decline
Great Offshore and Great Eastern Shipping stocks have been declining on the bourses of late. According to market talk, operators have cooled off their speculative binge since there has not been any response from the SEBI to one promoter faction's ...
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TECHNICAL ANALYSIS
Bulls prevail
Bulls prevail during Tuesday's trading activity. The sentiment reading of the tradable counters continues to remain bearish. Bull move on Wednesday has the potential to neutralise the sentiment reading. On the contrary, the prevailing bearish ...
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STOCK MARKETS
Indian ADRs fall in US bourses
Satyam Computer was the biggest loser by 3%
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FOREIGN INSTITUTIONAL INVESTORS
Sical Logistics plans pref allotment
Sical Logistics Ltd plans to allocate equity shares on preferential basis to Credit Suisse Singapore Ltd and Macquarie Bank Ltd. According to information provided by the company to the stock exchange, it will issue a maximum of Rs 103 crore as ...
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FII limit hiked to 75% in Rolta
Rolta India said it has received shareholder approval for enhancing the limit on FII investment in the paid-up equity capital of the company from 40 per cent to 75 per cent, and for raising equity linked funds of up to $250 ...
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IPOS
Take Solutions gets Rs 56-cr pre-IPO funding
Galleon, Passport Capital subscribe to 9 lakh shares
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DLF public issue fully subscribed
The initial public of offering of the real estate major DLF was oversubscribed on the second day of the book building process on the BSE and NSE. The IPO was subscribed 1.28 times on account of large number of bids received for the Qualified ...
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Celestial Labs plans to tap capital market
Issue opens on June 18 and closes on June 22
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Knitwear co SEL plans IPO
SEL Manufacturing Company Ltd, which manufactures and exports knitted garments, fabrics and combed and carded yarn, proposes to enter the capital market with a public issue of 53,99,210 equity shares of Rs 10 each to fund its expansion ...
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