Offer size could vary from Rs 1,200 cr to Rs 2,000 cr Asia’s oldest bourse BSE will file the draft prospectus for its initial public offering (IPO) this week, according to two people familiar with the matter. The bourse will, then, begin roadshows to market the issue to institutional investors. The issue size is expected to be close to Rs 1,200 crore (Rs 12 billion), based on the percentage of shares tendered during the offer for sale (OFS) and assuming a share price of Rs 400 apiece. Rediff.com, 2 weeks ago
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Reports have suggested Rs 400-650 as the possible IPO price Several Dalal Street veterans and top brokers have enlisted as selling shareholders in the initial public offering (IPO) of Asia’s oldest bourse, BSE (formerly Bombay Stock Exchange). While some are selling their shares in individual capacities, others are doing so through their firms. According to the draft red herring prospectus (DRHP) filed by the bourse with the Securities and Exchange Board of India (Sebi), there is no fresh ...Rediff.com, 1 week ago
Ahmedabad-based firm to fund deal through equal amount of equity and debt. Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is around $127 per tonne, lesser than the $151 per tonne valuation Lafarge commanded in its aborted deal with Birla Corp last year and marginally higher than what UltraTech Cement paid to acquire ...Rediff.com, 2 months ago
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