M&M Financial plans pref. issue
Mumbai: Mahindra and Mahindra Financial Services plans to issue 40 lakh equity shares on a preferential basis to foreign institutional investors and other domestic investors at a premium.

In an announcement to the BSE on Tuesday, the company said the shares of face value of Rs10 will be issued at a premium in the band of Rs160 to Rs200 in one or more tranches to FIIs, banks, mutual funds, venture capital funds, pension funds and other investors.
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Zenith Computers to make preferential allotment
Mumbai: Zenith Computers has said that it will allot one crore shares as warrants to the promoter group on preferential basis.

The shareholders have authorised the board to allot one crore warrants with the option to acquire one fully paid up equity share at a price of Rs40 per warrant including a premium of Rs30 each for every warrant, to the promoter group, the company informed the Bombay Stock Exchange.
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Jagran IPO expected this month
New Delhi: Jagran Prakashan may come out with its maiden public issue estimated at about Rs400 crore in the third week of January.

The company said it had filed the draft red herring prospectus with Sebi. The company declined to give the size of the issue.

The publishers of Hindi daily Dainik Jagran will offer one crore shares with a face value of Rs10 along with a greenshoe option of selling another 15 lakh shares. The stake of promoters and immediate family members will come down from 75 per cent to 57 per cent if the entire 1.15 crore shares are subscribed by investors.

Jagran will use the IPO proceeds for expansion and acquisitions estimated at Rs298 crore.
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PVR lists at Rs.260.35 on BSE
Mumbai: Multiplex cinema operator PVR made its debut on the bourses on Wednesday opening at a premium of 18 per cent to the issue price of Rs225 at Rs260.35.

In the first hour, the counter attracted heavy buying interest and the price shot up past the Rs300 mark to trade in the region of Rs305-Rs 310, according to a company statement.

The scrip hit a high of Rs309.80 and low of Rs260.10 before closing at Rs295.95 on BSE.

The company entered the capital market with public issue of 77 lakh equity share of Rs10 each for cash at a price band of Rs200 and Rs240 per equity share. The issue had been oversubscribed by over 11 times.
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Sebi puts four DSE stock brokers under suspension
Mumbai: The Securities and Exchange Board of India (Sebi) has suspended four stock brokers of Delhi Stock Exchange (DSE) for engaging in manipulative transactions to create false market in the scrip of M/s Mefcom Capital Markets in February 1995.

Sebi passed the orders under regulation 13 (4) of the Sebi (Procedure for Holding Enquiry by Enquiry Officer and Imposing penalty) Regulations 2002, suspending Certificates of Registration of four members of DSE, namely M/s B K Khullar & Co, M/s NSM Securities Pvt Ltd, M/s Khushal Securities Pvt Ltd and M/s Paramjeet and Co for thirty days, an official release stated on Wednesday.
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Sree Sakthi Paper Mills to raise Rs.25 crore
Mumbai: Sree Sakthi Paper Mills is planning to enter the capital markets with an IPO of Rs25 crore for financing its capacity expansion plans from 140 TPD to 240 TPD and also for setting up a 2 MW cogeneration power plant with an investment of Rs26.55 crore according to the company's managing director S Rajkumar.

He said the company is planning to expand its activities by enhancing its capacity of Kraft paper to meet growing demand from its customers and to emerge as one of the bigger players in South India.

The issue would consist of 83 lakh equity shares of Rs10 each for cash at a premium of Rs20 per share aggregating to Rs25 crore. The IPO opens on January 17 and closes on January 22.
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