PUBLIC EQUITY

Aster DM Healthcare files for $300 mn IPO; Olympus, IVFA to part-exit

June 25, 2016 | Joseph Rai

Aster DM Healthcare Ltd, which runs hospitals spread across India and the Middle East, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to float its initial public offer (IPO).

Sensex reclaims Mt 27k

June 23, 2016 | PTI

On the day the UK votes on 'Brexit' referendum, market benchmark Sensex logged a surprise rally of 237 points to reclaim the 27,000-mark, in line with strong gains in Europe-based shares as investors saw fewer chances of Britain leaving the European Union.

Mahanagar Gas IPO oversubscribed 63 times

June 23, 2016 | TEAM VCC

Gas distributor Mahanagar Gas Ltd attracted a deluge of investors on Thursday as it wrapped up its initial public offering (IPO) with oversubscription of 63 times the number of shares on sale.

Indiabulls to delist Singapore property trust arm after hiking stake

June 23, 2016 | Anuradha Verma

Singapore Exchange Ltd has suspended trading in units of Indiabulls Properties Investment Trust (IPIT), a business trust sponsored by Indiabulls Real Estate (IBREL), for an indefinite period after the public shareholding in the company dropped below the minimum of 10%, as per a stock market discl

Fairfax-controlled Quess Corp seeks $590 mn valuation in IPO

June 22, 2016 | TEAM VCC

Business services provider Quess Corp is seeking a valuation of as much as Rs 4,000 crore (about $590 million) through an initial public offering that opens next week.

PE-backed Pepsi bottler Varun Beverages files DRHP for IPO

June 22, 2016 | TEAM VCC

Ravi Jaipuria-controlled Varun Beverages Ltd that counts AION Global and Standard Chartered Private Equity as investors has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to float its initial public offer (IPO).

Analjit Singh makes open offer to hike stake in demerged arm Max Ventures

June 22, 2016 | TEAM VCC

Industrialist Analjit Singh, the promoter of Max Group, has made an open offer to raise stake in the demerged arm Max Ventures & Industries Ltd, which got listed on Wednesday.

Mahanagar Gas IPO fully covered on first day

June 21, 2016 | TEAM VCC

The initial public offering of Mahanagar Gas Ltd, the supplier of compressed natural gas and piped natural gas in Mumbai and nearby areas, was fully covered on the first day of the issue on Tuesday.

Govt shortlists seven bankers for Oil India stake sale

June 21, 2016 | Deepak Kumar Sahu

The government has shortlisted seven merchant bankers to assist in the disinvestment process of state-owned Oil India Ltd (OIL).

Max's demerged arm to get into real estate, education besides manufacturing biz

June 21, 2016 | Joseph Rai

Max Ventures and Industries Ltd (MVIL), one of the three holding companies formed after the demerger of the erstwhile Max India Ltd earlier this year, will look at investing in new sectors, including education, real estate and technology as it gears to get listed on the bourses on Wednesday.

Mahanagar Gas fixes price band for IPO

June 14, 2016 | PTI

Mahanagar Gas Ltd (MGL), India's second biggest CNG retailer, today fixed the price band of Rs 380-421 for its initial public offer (IPO) to raise around Rs 1,040 crore.

Sleepwell parent looks to raise $75 mn via IPO, hires bankers

June 13, 2016 | Anuradha Verma

Sheela Foam Pvt Ltd, which sells mattresses under the Sleepwell brand, is looking to raise approximately Rs 500 crore ($75 million) through an initial public offering by March next year, according to a report.

BSE plans to divest up to 30% stake via IPO

May 31, 2016 | Anuradha Verma

India's oldest stock exchange BSE Ltd plans to offload up to 30% stake through an initial public offering (IPO) that will comprise an offer for sale by existing shareholders and may include a possible fresh sale of shares, it said in a no

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.

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