FinMin for divestment via follow-on offers in PSUs

THE ECONOMIC TIMES Wed, May 28, 2014 | 10:04 AM IST IPO Newsletter

FinMin for divestment via follow-on offers in PSUs FinMin for divestment via follow-on offers in PSUs Finance ministry officials have proposed divestment through follow-on offers and open offer for sale to increase the market float of state-run companies. Manpasand Beverages plans IPO next year Manpasand Beverages plans IPO next year Promoted by first generation entrepreneur Dhirendra Singh, Vadodara-based Manpasand could raise over Rs 300-400 crore in the issue. Bharat Business Channel Ltd to float IPO any time Bharat Business Channel Ltd to float IPO any time Bharat Business Channel Limited, the DTH arm of Videocon group, would come with an initial public offer any time, a top official of the company said. SKS Microfin’s Rs 400 cr QIP issue oversubscribed SKS Microfin’s Rs 400 cr QIP issue oversubscribed The main investors in the placement included CLSA Mauritius, IDFC Mutual Fund, Birla MF, ICICI Prudential MF, Fidelity group and Amansa Capital. Buybacks mop up more than fresh capital Buybacks mop up more than fresh capital India Inc may have gone slow on raising fresh capital from equity markets in 2013-14 due to tepid market conditions and economic slowdown.

Company Name Issue Size Status Date of Relevance Volume   Wonderla Holidays Ltd. 634375000.00 Close 21/04/2014 to 23/04/2014 125.00 Loha Ispaat Ltd. 1233793022.00 Close 11/03/2014 to 25/03/2014 77.00

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