With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).
FlashNews:
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India Surpasses Clean Energy Goal with 50% of Grid Now Powered by Non-Fossil Sources
Mumbai-Ahmedabad Bullet Train to Launch with Japan’s Next-Gen Shinkansen Technology
From Trade to Tourism, Sonowal Envisions a New Global Role for BIMSTEC
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Ceinsys Tech Wins ₹1.15 Billion MMRDA Contract for Real-Time Infrastructure Monitoring Platform
Siemens Secures ₹7.73 Billion Contract for Nagpur Metro’s Advanced Signalling and Telecom Systems
DFCCIL Launches India’s First Private Gati Shakti Cargo Terminal on Western Freight Corridor
India Clears Elon Musk’s Starlink for Satellite Internet Rollout
GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields
Invest in IREDA Bonds to Support India’s Green Energy Transition and Save Tax
India Invites Feedback on Oil & Gas Reforms Ahead of Landmark OALP Round X: Hardeep Singh Puri
₹50 Billion Boost for Northeast Waterways; Kaladan Project to be Operational by 2027: Sonowal
Tata Sons’ Chandrasekaran Outlines Energy Transition Runway Amid Group’s Moment of Reflection
CII President Rajiv Memani Offers Blueprint for a Competitive Viksit Bharat
JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Tag: initial public offerings
IL&FS to bolster presence in merchant banking segment
According to source-based information, Infrastructure Leasing and Financial Services (IL&FS) plans to strengthen its presence in the merchant banking business to cater to infrastructure companies. A top official of the firm is quoted as saying that the firm wants to increase its presence for doing initial public offers and merchant banking activities. In 2008, the firm divested 73.21 per cent stake in its merchant banking division IL&FS Investsmart to HSBC for arou
2012-13 sees Rs 60 bn worth of IPOs
During 2012-13, a total of 10 companies raised a cumulative Rs 6,059 crore through initial public offerings (IPOs), data available with the stock exchanges show. This is a marginal rise of 4 per cent from the previous year, when 33 companies had together mopped-up Rs 5,808 crore. This is a far cry from a total of Rs 33,183 crore raised through IPOs in 2010-11 by 52 fir