Saudi Arabia said on Sunday that as many as 1,301 people died during the Hajj pilgrimage, with 'numerous cases' due to heat stress and 'unauthorised' trips accounting for over four out of five of the deaths, CNN reported.
Financial year 2010-2011 saw high wealth erosion for investors in the IPO market.
Currently, Sebi regulations require the bidding period to be completed in a minimum of three working days and a maximum of 10, including the extension given pursuant to a revision in price band by the issuer.
This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre's two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets.
Slated to become the second healthcare company after Apollo Hospitals to go public, Fortis will offload up to 25 per cent equity through the IPO. The rest will remain with the promoter family.
The revival of the initial public offer market has prompted brokerages to re-start margin funding, a process by which they finance high net worth clients to subscribe to new issues.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
The country's largest coal producer Coal India is likely to decide in 2-3 days on roping in anchor investors for its upcoming mega initial public offer, Coal Minister Sriprakash Jaiswal said here on Friday.
In each public issue, 25 per cent of the shares on offer are reserved for the retail investor.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
The Securities and Exchange Board of India is re-looking at Asba , or Application Supported by Blocked Amount, norms to make the facility more popular.
The university has also directed security agencies to deploy ex-Army personnel to strengthen the security of its hostel blocks, the official said.
The amount debited depends on the shares/MF units allotted to you.
Sebi should change the way issues are graded, say experts. In fact, the higher the grade of an IPO, the poorer has been its performance in the market.
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
"Higher IPO-graded companies typically tend to operate in higher growth industries, have superior management strengths and follow good corporate governance practices," says Chetan Majithia, head, Crisil Equities.
Manchester United's $1 billion initial public offering in Singapore will use a two-tier share structure to minimise the influence of its new shareholders, a source familiar with the transaction said.
With 26 companies, state tops list of vanishing companies in the country.
Huge share offerings may lead to record inflow in 2007.
The Securities and Exchange Board of India (Sebi) on Wednesday kicked off primary market reforms by amending the rules on collection of initial public offer (IPO) money.
The finance ministry had recommended that the government disinvest 10 per cent of its stake in the proposed initial public offer of Oil India, a state-owned upstream company, said Petroleum Minister Murli Deora.
Capital markets regulator Sebi on Wednesday streamlined the payment of processing fee through the Unified Payments Interface (UPI) system for shares applied for and allotted during an initial public offering (IPO). In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks (SCSBs) and their corresponding date of actual unblock. The new format has been put in place after reviewing the performance of SCSBs on timely unblocking of application amounts and feedback received from market intermediaries, Sebi said in a circular.
Bharti Infratel plans to raise Rs 4,500 cr through its IPO.
When the initial public offer of Jindal Power was announced in 2009, it was seen by investors as a golden opportunity to own a quality stock.
The Department of Disinvestment has sought comments on a draft note proposing share sales to public.
High net worth individuals slowly warm up to US market; however, financial planners generally discourage such dabbling
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