Business Daily from THE HINDU group of publications |
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Markets Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Events in June 2007 June 5: The shareholding of Bennet, Coleman & Co Ltd, proprietors of Times of India group, in Media Video Ltd goes up to 11.3 per cent following the conversion of warrants into equity shares. June 6: Profit booking across sectors along with weak global cues send stock markets crashing to their lowest in over a month. The BSE-30 Sensex plunges 279.08 points to close at 14,255.93. June 7: Foreign investors pick up 46,862 shares of Tamilnad Mercantile Bank Ltd, which works out to 16.47 per cent of the paid-up equity of the bank. SEBI constitutes a group to suggest suitable measures to address issues relating to difficulties faced by investors while dealing with transmissions of securities in physical and dematerialised mode. DLF Ltd’s initial public offering of 17.5 crore shares subscribed 0.78 times on the BSE and the NSE on the first day of subscription. June 15: DLF fixes issue price at Rs 525; mops Rs 9,187.5 cr June 16: ICICI Bank fixes a price band of Rs 885-950 per share for its follow-on public issue of shares. June 18: Punjab National Bank decides against making any equity offering this fiscal that could lead to trimming of the Government stake from 57.8 per cent to 51 per cent. Geodesic Information Systems comes out with 1:2 bonus June 19: ICICI Bank’s follow-on public offer of about 9.88 crore shares subscribed 2.74 times on the first day of the issue.
Max India Ltd raises Rs 1,000 crore through a qualified institutional placement, which is subscribed more than 2.3 times. United Breweries (Holdings) Ltd makes an open offer for 20 per cent equity in Deccan Aviation Ltd, at a price of Rs 155 per share, the same price at which it bought 26 per cent stake in the company last month.
June 22: ICICI Bank’s mega follow-on public offer ends with a big spurt on the last day with the total subscription crossing the Rs 1,20,000-crore mark.
ICICI Bank fixes the offer price of its follow-on public issue at Rs 940 per equity share.
June 25: Bharat Earth Movers Ltd’s follow-on public issue priced at Rs 1,020-1,090. June 28: IDBI sells 9 lakh equity shares constituting 2 per cent of the issued and paid-up capital of National Stock Exchange of India Ltd to MS Strategic (Mauritius) Ltd for $50 million. June 29: The Government acquires the Reserve Bank of India’s entire 59.73 per cent stake in State Bank of India for a total consideration of about Rs 35,531.33 crore.
Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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