Goldman hikes stake in Hexaware
Mumbai: Goldman Sachs Investments (Mauritius) has acquired 0.19-per cent stake in Hexaware Technologies Ltd increasing its stake in the company to 5.01 per cent.

Goldman Sachs acquired 2.5 lakh shares of Hexaware Technologies.
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Autoline Industries plans Rs75 crore float
Mumbai: Autoline Industries plans to enter the capital markets with an initial public issue of equity shares aggregating Rs75 crore in the price band of Rs200-225 per equity share of face value of Rs10 each through 100 per cent book building process. The issue opens on January 8 and closes on January 12.

Autoline provides design-engineering-manufacturing service to the automobile industry in Pune.

The company will use the IPO fund for the modernisation of existing manufacturing facilities at Chakan, Pune-unit I, setting up of a new manufacturing unit at Chakan (unit - II), and expanding UAE operations including setting up of a manufacturing facility among others.

Of the total issue, 50 per cent will be allocated to qualified institutional buyers of which 5 per cent will be reserved for mutual funds on a proportionate basis.

Non-institutional investors will receive 15 per cent and the remaining 35 per cent will be allocated to retail individual investors. The company will dilute 33 per cent of its equity capital at the lower end of the price band and 31 per cent at the higher end, post issue.

Autoline Inds supplies complex sheet metal assemblies and subassemblies to Bajaj Auto, Tata Motors, Kinetic Engineering, Mahindra and Mahindra, Walker Exhaust and Fiat India and is the single source supplier of load bodies for Tata Ace mini truck.
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Sundaram BNP offers two new close ended funds
Kolkata: Sundaram BNP Paribas Mutual Fund has launched the Select Small-Cap and Equity Multiplier, both close ended funds. The fund house has decided to restrict the maximum corpus of the new funds to Rs300 crore and Rs500 crore respectively. These will be benchmarked against the BSE Small-Cap Index and S& P CNX Mid-Cap Index. The fund house said it may not be easy for it to spread very large amounts over stocks constrained by factors such as relatively poor liquidity and high volatility. While Select Small-Cap is a five-year product, Equity Multiplier will have tenure of 3 years. The former (which will allow 10 per cent redemption every year) will be redeemed at the end of its tenure; the latter will be converted into an open-end fund. Equity Multiplier will provide unit holders with a single-day redemption window every half-year.
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