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Wockhardt Chairman Habil Khorakiwala can breathe easy, as bankers have approved the debt restructuring package he had sought three months ago.
With market regulator Securities & Exchange Board of India abolishing 'entry load' for investors from August 1 2009, several distributors have slightly altered plans to include high net-worth individuals in their targets rather than retail investors.
Market regulator Securities and Exchange Board of India has made it mandatory to have atleast two anchor investors for an issue size up to Rs 250 crore and five investors for an issue size exceeding Rs 250 crore.
Turns out that even seasoned company executives couldn't resist the huge surge in stock prices that swept the bourses.
Finance Minister Pranab Mukherjee will meet the Securities & Exchange Board of India board on Friday to discuss, among other things, the disinvestment roadmap and the Budget proposal to raise the threshold for non-promoter public shareholding for all listed companies in a phased manner.
RECOMMENDATION: Indian Hotels Company (Rs 58.15): Sell We recommend a sell in Indian Hotels Company from a short-term trading perspective. It is evident from the charts of Indian Hotels that after recording a 52-week low of Rs 34 in early March it was on an intermediate-term uptrend till early ...
NEW PROJECTS: Madras Cements to go for captive thermal plants 65 MW coal-based units to entail Rs 280-cr investments. Chennai, July 9 Madras Cements Ltd will invest Rs 280 crore to set up 65 MW of coal-based captive power plants at two of its cement ...
Stock market indices were volatile in inraday trading and closed flat on Thursday after the International Monetary Fund (IMF) revised India’s growth projection based on the likely positive impact of fiscal and monetary stimulus packages.
Qualified institutional buyers (QIBs), which recently invested in placements of companies, have suffered serious losses due to thek recent slide in stock markets.
Fear lower collections after the entry load ban. Fund houses have aggressively started hiking brokerages for distributors to increase collections. The reason: They fear a lull in inflows after the ban on entry load comes into effect from August 1.
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