Viceroy Hotels to issue equity shares, warrants
Hyderabad: Viceroy Hotels will soon issue equity shares and warrants. The company informed the stock exchanges that its board of directors has cleared the issue of 40,25,000 equity shares of Rs10 each at a premium of Rs90 per share and issue of 74,75,000 warrants of Rs10 each at a premium of Rs90 per share.

The board has decided to convene an extraordinary general meeting of the shareholders on April 10 to seek their consent for the proposed issue of equity shares and warrants.
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Indo Tech makes firm opening on bourses
Mumbai: Shares of Indo Tech Transformers debuted on the stock markets on Thursday at Rs165 per share (BSE), compared to the IPO price of Rs130 per share. The shares were listed at Rs135 on the NSE.

The Chennai-based company's shares rose after listing to touch a high of Rs242.90, before closing at Rs235.90 on the BSE. On the NSE, the shares hit a high of Rs 248 and closed at Rs239.

Over 2.94 crore shares were traded on the exchanges.
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MCX files red herring prospectus with SEBI
Mumbai: Multi Commodity Exchange of India (MCX) has filed a draft red herring prospectus with SEBI on Thursday. The exchange will enter the capital market with a public issue of 50 lakh shares of face value of Rs10 each through a 100 per cent book building process.

The book running lead managers for the issue are Citigroup Global Markets, DSP Merrill Lynch Ltd and Kotak Mahindra Capital Company. MCX plans to use the proceeds of the issue to upgrade its technology and for strategic initiatives, acquisition and general corporate purposes.

As of December 31, 2005, the MCX it offered futures trading in 58 commodities, including bullion, energy, ferrous and non-ferrous metals, oils and oilseeds, cereals, pulses, plantations, spices, plastic and fibers.

The public issue of 50 lakh shares consists of a fresh issue of 14 lakh shares by MCX and an offer for sale of 36 lakh shares by Financial Technologies (India) Ltd and Corporation Bank.
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Pratibha lists at Rs.146
Mumbai: Shares of Pratibha Industries listed on BSE at Rs 146, a premium of 21.6 per cent to the issue price of Rs120 per share. The company's shares touched a high of Rs189.70 (BSE) and Rs189.90 (NSE). The shares closed at Rs181.20 and Rs181.30 respectively on BSE and NSE.

On NSE, the shares made their debut at Rs150 on Thursday. The IPO of Pratibha Industries was oversubscribed 20 times.
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Reliance Equity Fund mops up Rs.5,700 crore
Mumbai: Reliance Mutual Fund has mobilized Rs5,700 crore through its new scheme, Reliance Equity Fund. The funds were mobilised from over 9.29 lakh investors with an average ticket size of about Rs60,000.

The earlier record for capital raised through a new fund offering was by UTI Mastergain, which collected Rs4,783 crore in 1992. Reliance Equity Fund was open between February 6 and March 7, and is looking at investing in large cap companies as well as using the derivative market for hedging. The MF will deploy the fund over the next six month period. With this mobilisation, Reliance MF's total assets under management (AUM) has gone up to Rs22,000 crore. Reliance Capital Asset Management, which is part of Reliance Capital, the Anil Ambani Group's financial arm, has offices across 80 locations and works through independent financial consultants to raise funds.
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