Andhra Bank plans FPO; to raise Rs 200 cr from Govt

THE ECONOMIC TIMES Fri, Nov 15, 2013 | 10:00 AM IST IPO Newsletter

Andhra Bank plans FPO; to raise Rs 200 cr from Govt Andhra Bank plans FPO; to raise Rs 200 cr from Govt The bank proposes to raise Rs 200 crore of funds from the govt via preferential allotment route at an offer price to be determined under SEBI norms. Gillette India promoters' OFS fully subscribed Gillette India promoters' OFS fully subscribed The share-sale follows a prolonged regulatory battle between Gillette India's promoters and the Securities and Exchange Board of India (Sebi). CCEA likely to take up Power Grid FPO tomorrow CCEA likely to take up Power Grid FPO tomorrow The follow-on public offering will comprise 13 per cent fresh equity by the public sector company and 4 per cent stake sale by the central government. Allahabad Bank plans to raise Rs 320 crore in QIP Allahabad Bank plans to raise Rs 320 crore in QIP State-run Allahabad Bank said it will raise Rs 320 crore of equity in qualified institutional placement (QIP), but is in no hurry to do so. PubMatic, BharatMatrimony and others to go public PubMatic, BharatMatrimony and others to go public Match-making portal BharatMatrimony .com and advertising technology venture PubMatic are expected to lead the next wave of initial public offers by Internet companies.

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