The government today approved the FPO from Power Finance Corporation. The FPO would consist of two parts with a fresh issue of 15% and an offer for sale of 5% by the Government. The fresh issue would be 17,21,65,005 shares, while the 5% government’s offer would be 5,73,88,335 shares. The total issue would be for […]
Archive for the ‘FPO’ Category
Government approves Power Finance Corporation FPO
February 13th, 2011
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Tata Steel FPO shares are good for delivery from today 2nd Feb
February 2nd, 2011
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Tata Steel Limited which had launched its FPO between the 19th and the 21st of January for 5.7 cr shares in a price range of Rs 594-610 is good for delivery from today. The issue was subscribed an overall 6 times and received excellent support from QIB’s. The QIB portion was subscribed 10.41 times, the […]
Tata Steel FPO Subscribed
January 22nd, 2011
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The FPO for 5.7 cr shares from Tata Steel was subscribed and received excellent response from QIB’s and HNI’s. The retail portion was oversubscribed 1.6 times which is creditable. The employee portion was undersubscribed and received bids for a mere 6% of their reserved portion. In the next week or so we would know whether […]
