NSE board okays IPO via offer for sale

Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split The National Stock Exchange of India (NSE) said its upcoming initial public offering (IPO) would be through an offer for sale (OFS)......

Why the National Stock Exchange should not be listed

It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus, says Jaimini Bhagwati.      On 6 July 2016, the......

Sanjiv Goenka enters IT with Firstsource buy

Sanjiv Goenka-led CESC, through its wholly-owned subsidiary, SpenLiq, is set to acquire 49.5 per cent stake in India's fifth-largest business process outsourcing firm, Firstsource Solutions. The......

CESC stock slumps 18% on Firstsource Solutions deal

Power company Calcutta Electric Supply Corporation scrip dropped by over 18 per cent after the company offered to buy 49.5 per cent stake in Firstsource Solutions for Rs 394.9 crore (Rs 3.94......