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ICICI
Bank public issue subscribed 6.5 times
Mumbai: ICICI Bank's domestic issue of Rs5,750
crore, which closed on Dec.6, was subscribed 6.53 times,
according to the NSE's official Web site.
The
issue had a price band of Rs505-545 a share, through the
book-building route. The bank is also raising an ADS of
Rs2,300 crore. The ADS will also include Public Offering
Without Listing in Japan.
According
to market sources, the issue received Rs1,000 crore from
retail investors.
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SEBI
suspends Bangalore and Pune brokers in Home Trade share
rigging case
Mumbai: The Securities and Exchange Board of India
(SEBI) has suspended two stock brokers each from the Bangalore
and Pune Stock Exchanges, and slapped a penalty on another
Bangalore Stock Exchange (BgSE) member for creating a
false market, marked by a surge in prices of Home Trade
Ltd (HTL) during the November 16, 1999 to March 31, 2000
period.
BgSE
member Swagath Securities has been suspended for three
months while First Securities Pvt Ltd was suspended for
a period of 15 days for rigging the share prices of HTL,
a press release by SEBI issued on Tuesday said. Another
BgSE member Nereyeth Securities Pvt Ltd has also been
slapped with a penalty. Pune Stock Exchange (PSE) members
Kabu Investment Services and Jagannath Vinod Kumar were
also suspended for a period of one month and 15 days respectively
for the same offence.
The
scrip of HTL was listed in Bangalore Stock Exchange on
November 16, 1999 at Rs275. The prices touched Rs315 within
two weeks. Thereafter, there was continuous sharp increase
in the prices of the scrip to touch Rs815 on March 31,
2000.
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SSI
makes open offer for Telephoto shares
Chennai: SSI Ltd has made an open offer to the
shareholders of Telephoto Entertainments in order to acquire
20.01 per cent (12.28 lakh fully paid-up equity share
of Rs10 each) of the latter's fully expanded voting equity
capital, at Rs19 a share.
The
offer will be open from January 23, 2006 till February
11, 2006.
The
open offer was triggered following SSI's plans to acquire
management control of the Chennai-based Telephoto, which
is into film execution, as part of its drive into entertainment
business. The total consideration for the purchase will
be Rs5.53 crore. After the acquisition, SSI will have
a 54.6-per cent stake in Telephoto.
At
the Bombay Stock Exchange, SSI's share price closed at
Rs84.50 and Telephoto's at Rs19.80.
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