Wockhardt Hospitals to come out with IPO
Mumbai: Wockhardt is likley come out with an IPO for its hospitals business in late 2007.

Wockhardt Hospitals at present runs clusters of super-speciality hospitals in different parts of the country, including Mumbai and Bangalore, and also has dedicated heart hospitals in Bangalore, Nagpur and Hyderabad and a super-speciality kidney hospital in Kolkata.
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AMD Metplast subscribed 5 times
Mumbai: The initial public offering of AMD Metplast was subscribed 5.11 times on the BSE and NSE at 7.00 pm. A total of 4.65 crore bids were received against the issue size of 90,96,520 shares; 2.29 crore bids were received at the cut-off price.
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Raj TV IPO subscribed 2.96 times
Chennai: The initial public offering of Raj Television Networks was subscribed 2.96 times on the BSE and NSE at 7.00 p.m. Bids were received across the price band of Rs 221-Rs 257.

1,05,56,200 bids were received against the issue size of 35,68,250 shares, while 76,01,425 bids were received at the cut off price.
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S&P to exit MF data business
New Delhi: Financial market research firm Standard & Poor's (S&P) plans to exit from its mutual fund data business and sell it to Morningstar. Instead the company plans expand the fund ratings and research business and the present step is consistent with that strategy, S&P said in a statement here. S&P officials said the company plans to expand the fund ratings and research business by widening the pool of funds that it rates, increase its research capacity and develop additional distribution channels throughout the world for market leading analysis and opinions.

S&P is also selling its mutual fund data business to Morningstar, including mutual fund data on performance, rankings and holdings on more than 135,000 funds in over 30 countries. The sale includes applications and data feed products.
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Nitco Tiles to raise up to Rs250-cr
Mumbai: Nitco Tiles shareholders' have approved raising funds to the tune of Rs250 crore by way of FCCBs, GDRs, ADRs or Qualified Institutional Placement (QIP) as per the laid down provisions. Another proposal to hike authorised share capital to Rs50 crore, from an existing Rs 27.50 crore was also approved,

Nitco Tiles informed the BSE.
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Pratibha Ind to raise up to Rs200-cr
Mumbai: Pratibha Industries' board of directors approved a proposal to raise funds up to Rs200 crore by way of Qualified Institutional Placement including other fund-raising routes. The board has also convened an EGM on February 19, Pratibha Industries informed the BSE.
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FMR, Fidelity up stake in Info Edge to 5.38 per cent
Mumbai: FMR Corp and Fidelity International with direct and indirect subsidiaries have acquired 0.55 per cent in Internet firm Info Edge (India), thus raising their stake to 5.38 per cent.
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Spice Comm files papers for IPO
Mumbai: Spice Communications, a cellular operator in Punjab and Karnataka, has filed a draft red herring prospectus (DRHP) for its proposed initial public offering (IPO) of 13.79 crore equity shares. The company is proposing the maiden float through a hundred per cent book building route.

The company's promoters - Modi Wellvest (MWPL) and Telekom Malaysia Berhad (TM) - plan to dilute 20 per cent of their holding through the IPO. At present, MWPL holds 51 per cent stake in the.

TM holds the remaining 49 per cent stake in the GSM operator through TMI India, which is a wholly owned subsidiary of international investment holding company TM International Sdn Bhd (TMI).

After the IPO, MWPL and TM's shareholdings will reduce to 40.8 per cent and 39.3 per cent, respectively.

Spice Commmunications operates cellular services in Punjab and Karnataka under the Spice Telecom brand and has a combined market share of 14.26 per cent in these states.
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Power Finance Corp shares gain more than 30 pc on debut
Mumbai: Shares of state-run power financer Power Finance Corp rose more than 30 per cent on debut on Friday. Power Finance shares opened at 106 rupees on the BSE, valuing the company at nearly $2.9 billion, and rose to Rs 111.55 at close, up 31 per cent from the initial public offer price of Rs 85 a share.

Analysts said there was scope for rerating the stock upwards, based on higher discounting for other infrastructure financiers.

PFC's rise came amid a 2.8 per cent fall in the benchmark BSE main index, as institutional investors sold ahead of the Union Budget Wednesday expected to be a populist one due to forthcoming elections in the Uttar Pradesh.
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Deutsche mutual plans capital protection fund
Mumbai: Deutsche Asset Management (India) has filed initial papers with India's market regulator to launch a three-year close-end capital protection oriented fund.

DWS Capital Protection Oriented Fund would invest at least 75 per cent of its assets in debt and money market instruments and the rest in equities, the fund house said in its offer document.

The asset manager had Rs63.3 billion of assets under management at the end of January, data from Association of Mutual Funds in India showed.
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