PUBLIC EQUITY

Fortis mulls demerger of diagnostics chain SRL ahead of public listing

May 26, 2016 | Joseph Rai

Fortis Healthcare Ltd will look at demerger of SRL Ltd, India's largest diagnostics chain by revenues, as an option before taking the subsidiary public, the firm said on Thursday.

The company said it is looking at other options too to monetise its investments in SRL.

Open offers by listed firms down by a third in FY16

May 23, 2016 | PTI

Open offers made by listed companies to buy shares from public shareholders dropped about 32 per cent to Rs 11,766 crore in the last fiscal ended March 31, shows latest data published by market regulator Sebi.

L&T Infotech, HPL Electric get SEBI nod for IPO

May 23, 2016 | TEAM VCC

L&T Infotech Ltd, the technology services unit of engineering firm Larsen & Toubro Ltd, has received the green signal from the capital markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

BP sells 11.5% stake in Castrol India for $308 mn

May 19, 2016 | TEAM VCC

British energy giant BP Plc's wholly owned unit Castrol Ltd on Thursday sold an 11.5% stake in its Indian lubricants subsidiary for about Rs 2,075 crore ($308 million) to investors including Singapore sovereign wealth fund GIC.

Parag Milk jumps after tepid stock market debut

May 19, 2016 | TEAM VCC

Dairy firm Parag Milk Foods Ltd made a muted debut on the stock markets on Thursday but rallied to end almost 15% higher, after its initial public offering barely sailed through.

India insurance regulator to revise IPO norms for insurers

May 18, 2016 | PTI

Revised IPO guidelines will be issued soon for insurers as some of them are keep to tap this route, regulator IRDAI Chairman T S Vijayan said today while pegging the total foreign investment in sector at Rs 15,000 crore in the last one year due to increase in FDI limit.

Exclusive: Barbeque Nation gears up for IPO next year

May 17, 2016 | Debjyoti Roy & Swet Sarika

Barbeque Nation Hospitality Ltd, which operates an eponymous chain of casual-dining restaurants, has charted out a new growth plan as it prepares to float an initial public offering (IPO) next year, people familiar with the matter told VCCircle.

Promoters sell 4.2% stake in Eicher Motors for $316 mn

May 13, 2016 | Anuradha Verma

Indian bike and truck maker Eicher Motors Ltd’s promoters have sold 1.14 million shares, or a 4.2% stake in the company, for Rs 2,100 crore (about $316 million), as per a stock market disclosure. 

Exclusive: Matrix Cellular defers IPO on the hope of a buoyant summer

May 13, 2016 | Debjyoti Roy

International SIM card provider Matrix Cellular (International) Services is pushing back plans to raise money through an initial public offer (IPO) by another 12-18 months, said a person close to the development.

Parag Milk IPO pulls through after extended period

May 11, 2016 | Debjyoti Roy

The initial public offering of Parag Milk Foods Ltd managed to sail through on the final day after the company extended the issue by three days due to tepid response from institutional investors.

JLL’s realty PE arm hits first close of second fund at $18 mn

May 11, 2016 | Anuradha Verma

Jones Lang LaSalle Segregated Funds Group, the real estate private equity arm of consultancy firm JLL, has marked the first close of its second fund at Rs 120 crore (about $18 million).

Ujjivan Financial climbs on stock market debut

May 10, 2016 | TEAM VCC

Bengaluru-based microfinance firm Ujjivan Financial Services Ltd rose on its stock market debut on Tuesday, after receiving a strong response from investors at its initial public offering earlier this month.

Thyrocare surges on stock market debut

May 09, 2016 | Joseph Rai

Thyrocare Technologies Ltd made a spectacular debut on the stock markets on Monday with its shares listing at a 48% premium to the issue price, highlighting strong investor interest in the diagnostics segment.

Parag Dairy fails to attract institutional investors; cuts IPO price band, extends issue

May 06, 2016 | Debjyoti Roy

Dairy firm Parag Milk Foods Ltd has cut the price band of its initial public offering (IPO) and extended the issue closure as it failed to see the minimum subscription level by institutional investors.

Parag Milk IPO subscribed 23% on second day

May 05, 2016 | Anuradha Verma

Dairy firm Parag Milk Foods Ltd’s initial public offering (IPO) has been subscribed only about 23% so far, as the issue received a tepid response from investors on the second day as well.

Parag Milk IPO gets off to slow start

May 04, 2016 | TEAM VCC

Dairy firm Parag Milk Foods Ltd saw one-tenth of its initial public offering (IPO) covered on the first day as high-net-worth individuals (HNIs) and corporate investors largely stayed away and retail and institutional investors too barely took a sip.

Parag Milk raises $52M from anchor investors

May 03, 2016 | TEAM VCC

Dairy firm Parag Milk Foods Ltd has raised Rs 342.86 crore ($52 million) from a clutch of anchor investors, including sovereign wealth funds of Norway and Abu Dhabi. Other investors include funds under Nomura, Morgan Stanley, Tata MF, Neuberger Berman and Quantum.

SEBI approves IPO plans of Advanced Enzyme, Quess Corp

May 02, 2016 | Anuradha Verma

The capital markets regulator Securities and Exchange Board of India (SEBI) has given its approval to the proposed initial public offerings (IPOs) by enzyme manufacturer Advanced Enzyme Technologies Ltd and business services provider Quess Corp, according to a disclosure.

Ujjivan IPO covered over 40 times on final day

May 02, 2016 | TEAM VCC

The initial public offering of Bengaluru-based microfinance firm Ujjivan Financial Services Ltd drew a massive response on the third and final day of the issue with investors making bids for 40.66 times the shares on sale.

Ujjivan IPO covered 81% on day 2

April 29, 2016 | TEAM VCC

Bengaluru-based microfinance firm Ujjivan Financial Services Ltd's initial public offering (IPO) was covered 81% at the end of the second day on Friday, led by retail investors' participation, as the issue picked up pace after a slow start.

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