Investors with over 10% stake may get to take OFS route

THE ECONOMIC TIMES Sat, Jul 26, 2014 | 10:04 AM IST IPO Newsletter

Investors with over 10% stake may get to take OFS route Investors with over 10% stake may get to take OFS route Sebi is likely to issue a circular this week on the eligibility criteria for non-promoter shareholders, framework for offering discount. DoD to appoint bankers for NHPC sake sale DoD to appoint bankers for NHPC sake sale IMG on disinvestment met last Friday and approved selling 11.36 per cent in NHPC through an Offer For Sale (OFS), an official source said. Indian companies raise Rs 3,300 cr via NCDs Indian companies raise Rs 3,300 cr via NCDs A cumulative amount of Rs 42,383 crore had been garnered through 35 issues of NCDs in the entire 2013-14 fiscal. HDFC Fund raises $250 mn for realty investments HDFC Fund raises $250 mn for realty investments HDFC had raised an international fund of USD 800 million in 2007, which is fully deployed. SBI plans to raise Rs 20,000 crore from share sale SBI plans to raise Rs 20,000 crore from share sale The government's stake will drop to around 53% from 58.6% if it approves SBI's proposal. SBI Chairman Arundhati Bhattacharya declined comment.

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