Patni Computers IPO oversubscribed 22 times
Mumbai: Patni Computers initial public offering has received overwhelming response with the book-built issue having been oversubscribed 22 times.The company fixed issue price at Rs 230 per equity share of face value Rs two each.
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GACL to go for Rights Issue
Mumbai: GGujarat Alkalies and Chemicals Ltd has proposed a rights issue at Rs 12.50 per share to raise Rs 34.43 crore. The rights issue is being offered in the ratio of three equity shares for every five equity shares held.
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Radaan Media to forfeit partly-paid shares
Chennai: Radaan Mediaworks India Ltd at its board meeting held on January 30, has informed the Stock Exchange that the company will be approaching the Madras Stock Exchange Ltd and National Stock Exchange to take approval to forfeit the partly paid shares.
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Filatex shareholders okay preference issue
Mumbai: Filates India Ltd has informed Bombay Stock Exchange that its shareholders have approved alteration of the authorised share capital and the issue of 15 lakh 7.5 per cent cumulative convertible preference shares of Rs 25 each to the promoters of the company, including associate companies.
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Sensex to cross 7000: Poll
Mumbai: The Sensex is expected to be in the 7,000-7,600 band over a 12-month period, according to a survey conducted by the local arm of global investment bankers Merrill Lynch.
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