Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
Besides the dairy business, the transaction also involves sale of 100 per cent shareholding in Sunfresh Agro Industries, a step-downsubsidiary of Prabhat, via a share purchase agreement, the company said.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
The company will finalise the final pricing for allotment of shares later.
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
Draft prospectus to be filed next week; second trust, with Panchshil, in a few months
Jaipuria has not specified the amount he is looking to raise, but says this is the right time to tap the capital markets.
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Right marketing and product strategy have helped Falguni Nayar build a beauty retail business.
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
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