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IDFC debuts on the NSE opening at Rs.60
Mumbai: The scrip of Infrastructure Development Finance Company Ltd, which listed on the National Stock Exchange on Friday, opened at Rs60 per share, against its issue price of Rs34.

The stock had touched a high of Rs72.40 in inter day trades.
The initial public offering comprising 40.36 crore equity shares was oversubscribed 37.7 times. The proceeds of the issue would be used to support future growth in assets.

After the listing ceremony, IDFC managing director and chief executive Rajiv Lall told reporters that the flooding in the aftermath of rains in Mumbai on July 26 has brought out importance of better infrastructure.

He said that IDFC would focus on projects in energy, transportation, telecom and urban and industrial infrastructure sector, he added.
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Bajaj Hindusthan converts FCCBs at Rs.147.50 per share
New Delhi: Sugar major, Bajaj Hindusthan Ltd on Friday said that it has allotted 32,27,452 equity shares upon conversion of 10,979 Foreign Currency Convertible Bonds (FCCBs) from the total of US$50mn of FCCBs issued earlier.

The company has allotted 32,27,452 equity shares upon conversion of 10,979 FCCBs amounting to $10,979,000 at a conversion price of Rs147.50 per share, Bajaj Hindusthan informed the Bombay Stock Exchange. It also said that post allotment, the paid up capital of the company has increased to Rs11.19 crore from Rs10.87 crore.

The company had issued the $50 million FCCBs on May 13, 2005.
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TCS declares Rs.3 per share interim
New Delhi: Tata Consultancy Services Limited on Friday declared an interim divided of Rs3 per share for the financial year 2005-06.

The board of directors have recommended an interim dividend of Rs3 per share of Re1 each, the IT major informed the Bombay Stock Exchange.

Meanwhile the TCS scrip moved down 0.5 per cent at Rs1,305 as the interim dividend was below market expectations, sources said.
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