Realty cos make big market entry plans
New Delhi: Realty companies Unitech and Ansal Properties are mulling plans to raise further capital from the international markets or through follow-on public offerings (FPOs).

The two companies are expected to raise over $1 billion (Rs4,500 crore) from the domestic or international markets - which would take the combined total proceeds for the sector to Rs22,500 crore (over $5 billion).

Recently, Parsvnath Developers' public issue generated demand for over Rs60,000 crore worth shares.

More than a dozen companies are finalising their plans to hit the capital market soon.

Of these, at least five companies are likely to hit the market with their IPOs on the domestic or international stock exchanges before the end of this fiscal year, which could generate a collective amount of Rs18,000 crore (over $4 billion).
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Deccan Chronicle to issue shares at Rs640 each
Mumbai: Newspaper publisher Deccan Chronicle Holdings has said that its board had approved the issue of 3.5 million shares at 640 rupees each to qualified institutional buyers.
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Tata Steel shares down after CSN tops bid for Corus
Mumbai: Shares in Tata Steel fell by more than 2 per cent in early trade this morning after its offer to buy Anglo-Dutch steel-maker Corus Group Plc was topped by Brazilian rival Companhia Siderurgica Nacional (CSN) which offered to pay Corus shareholders 475 pence per share, 20 pence higher than what Tata Steel has offered.

Tata Steel shares were down 1.5 per cent at Rs 468.90 in a weak Mumbai market this morning.
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Taneja Aerospace to issue shares to Merrill Lynch company
Mumbai: Taneja Aerospace & Aviation said today morning that its board has approved the issue of 2.35 million shares to Merrill Lynch Capital Markets Espana SA SV at Rs155 each.
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