Plastene India Limited Issue withdrawn May seems to be a difficult month for MotilalOswal. In May 2011 Galaxy Surfactants was withdrawn and in May 2012, Plastene India has been withdrawn. The company was tapping the capital markets with its issue for 92.55 lac shares in a price band of Rs 81-84. The issue was open [...]
Archive for the ‘General’ Category
Plastene India: Issue closes on Tuesday 15th May 2012.
May 15th, 2012
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In the issue analysis on the company done yesterday it was erroneously mentioned that the issue closes on Monday the 14th of May. The error is sincerely regretted. The status of applications received as at the end of Monday 14th May is given below. QIB NIL 0.00 HNI 24.28 lacs 1.76 Retail 1.46 lacs 0.05 [...]
Clarity on GAAR to attract long-term money
May 11th, 2012
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Budget 2012-13 introduced the General Anti Avoidance Rule (GAAR). The finance minister managed to resolve the issue to a large extent, but Mauritius would no longer be a tax haven for doing business in India. In his reply to the discussion on the Finance Bill, Pranab Mukherjee extended implementation of the GAAR to the next [...]
