IPCL floor price set at Rs 170 per share
New Delhi: The Government has set a floor price of Rs 170 per share for IPCL and will offer a five per cent discount to the retail investors in the public offer for sale of 29 per cent of its residual stake in the Reliance-controlled company. The issue opens tomorrow.
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Aurobindo allots shares to Merlion
Hyderabad: Aurobindo Pharma Ltd has allotted 23,70,000 equity shares of Rs 5 at a price of Rs 375 per share, aggregating Rs 88.9 crore, to Merlion India Fund Ltd.
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HSBC Financial increases stake in SSI
Chennai: HSBC Financial Services Ltd has increased its shareholding in SSI Ltd by 1.48 per cent to 6.13 per cent
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Actis to invest in emerging markets
Mumbai: Actis, a private equity fund proposes to raise funds under its management in emerging markets to $3 billion over the next three years from the current $2.5 billion, a news release announcing the company's formal launch said here.
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Balrampur Chini to raise Rs 59 crore
Kolkata: Balrampur Chini Mills Ltd will be raising Rs 59.19 crore through rights issue to meet long-term working capital requirements and for improvement of debt-equity ratio.
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Parry Agro to raise equity
Chennai: Parry Agro Industries Ltd proposes to raise Rs 9.39 crore through a rights issue.
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