Govt mulls allowing unlisted cos to launch IPOs

THE ECONOMIC TIMES Thu, Aug 22, 2013 | 10:02 AM IST IPO Newsletter

Govt mulls allowing unlisted cos to launch IPOs Govt mulls allowing unlisted cos to launch IPOs The government is considering allowing unlisted companies to launch public offers in overseas markets and raise funds in foreign currency. Six SMEs launch IPOs despite weak market trends Six SMEs launch IPOs despite weak market trends Despite sluggish market conditions, six small and medium sized companies have launched their IPOs worth Rs 70 crore in the past one month. NMDC's Legacy Iron cancels AUD 25 mn rights issue NMDC's Legacy Iron cancels AUD 25 mn rights issue Legacy Iron Ore, the Australian arm of state-owned NMDC, has cancelled its rights issue citing 'weak market' conditions. Muthoot Finance files draft paper with Sebi Muthoot Finance files draft paper with Sebi Muthoot Finance, is one of the largest gold financing company in India, with a market share of over 20 per cent as of March 31, 2012. Godrej Prop to raise Rs 700 cr via rights issue Godrej Prop to raise Rs 700 cr via rights issue Promoters had 74.98 per cent stake in the company as on June 30. Mumbai-based Godrej Properties plans to launch the rights issue this fiscal.

Company Name Issue Size Status Date of Relevance Volume

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