SEBI notifies 'fast-track' route for share sales

Last Updated: Tuesday, August 11, 2015, 19:32

To boost fund raising from markets, SEBI Tuesday notified new norms, which will provide all listed companies a 'fast-track' route for share sales.

Govt looking at enhancing capital allocation for PSBs: Jaitley

Last Updated: Thursday, July 30, 2015, 20:03

Government is examining the possibility of suitably enhancing the capital allocation for public sector banks (PSBs) during this fiscal, Finance Minister Arun Jaitley has informed the Rajya Sabha.

Companies raised Rs 39,000 cr via equity markets in 2014; QIPs dominate

Last Updated: Monday, December 29, 2014, 17:33

This is lower compared to the quantum of funds mobilised via equity market at Rs 45,440 crore in 2013.

Facebook expects to raise $1.48 bn from follow-on offering

Last Updated: Tuesday, December 24, 2013, 17:21

Social networking giant Facebook expects to raise about USD 1.48 billion from its underwritten registered public offering of 70 million shares at USD 55.05 per share.

Power Grid lists fresh equity; share price falls in early trade

Last Updated: Thursday, December 19, 2013, 15:08

State-owned Power Grid Corp on Thursday said it would utilise the proceeds worth about Rs 5,400 crore from the follow-on public offer towards 27 transmission projects.

Power Grid share sale subscribed 4.77 times on Day 3

Last Updated: Thursday, December 5, 2013, 20:27

The follow-on-public offer (FPO) of Power Grid Corporation was subscribed 4.77 times on the third day of offer Thursday with institutional buyers lapping up the shares.

Power Grid FPO opens on bourses

Last Updated: Tuesday, December 3, 2013, 13:19

In the first hour of trading, only 15,750 shares were bid for in the retail investor category of the over 27.44 crore reserved for them, as per data available on the NSE.

PowerGrid's Rs 7,083 cr FPO opens Tuesday

Last Updated: Monday, December 2, 2013, 20:16

Power Grid Corporation of India Ltd (PGCIL), which expects to raise Rs 7,083 crore through the follow-on public offer - to hit the market Tuesday - plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs 48,354 crore.

PGCIL FPO likely to hit market on Dec 3; may fetch Rs 7,400 cr

Last Updated: Sunday, November 24, 2013, 11:35

A panel of ministers on disinvestment is likely to meet on Friday to decide on the price band for PGCIL disinvestment, which is expected to raise around Rs 7,400 crore at current stock price.

PowerGrid files FPO document with RoC

Last Updated: Monday, November 18, 2013, 20:01

"Power Grid Corporation has filed the red herring prospectus with the Registrar of Companies (RoC) in connection with the Follow on Public Offer (FPO) of 787,053,309 equity shares of Rs 10 each of the company constituting 17 per cent of its existing paid-up capital," the company said in a regulatory filing to stock exchanges.

Companies begin taking baby steps towards share sales

Last Updated: Friday, August 9, 2013, 15:23

Amid a sluggish secondary market, companies have begun firming plans to raise funds through IPOs and FPOs, although for smaller amounts, with at least eight entities filing draft documents with Sebi for the same.

EIL files draft prospectus with Sebi to sell 10% stake via FPO

Last Updated: Friday, July 12, 2013, 21:48

State-run Engineers India Ltd (EIL) Friday filed a draft prospectus with market regulator Sebi to divest 10 percent stake through Follow-on Public Offer (FPO), which may fetch Rs 470 crore to the exchequer.