PUBLIC EQUITY

India cabinet approves plan to cut stake in general insurers

January 18, 2017 | TEAM VCC

The Union cabinet has cleared a plan to list five state-owned general insurance companies on stock exchanges and trim its stake to 75% from 100%, finance minister Arun Jaitley said on Wednesday.

CX Partners-backed SIS secures SEBI nod for IPO

January 16, 2017 | Ankit Doshi

India's second-largest private security services firm, Security and Intelligence Services (India) Ltd (SIS), has received regulatory approval for an initial public offering (IPO).

BSE eyes $645 mn valuation in IPO

January 16, 2017 | Ankit Doshi

BSE Ltd, formerly Bombay Stock Exchange, is seeking a valuation of as much as Rs 4,400 crore ($645 million) through an initial public offering that opens next week.

BSE ups IPO size a tad; issue opens on 23 January

January 13, 2017 | Ankit Doshi

BSE Ltd has slightly increased the size of its initial public offering and will launch the issue on 23 January, the operator of Asia’s oldest stock exchange said in a regulatory filing.

Govt looks to meet deadline for state-run firms to comply with public holding norms

January 11, 2017 | Ankit Doshi

The government aims to stick to the August deadline for listed state-run companies to meet the minimum public shareholding norms, a senior finance ministry official said on Wednesday.

BSE brushes aside IPO-related complaints, to float share sale as planned

January 11, 2017 | Ankit Doshi

BSE Ltd, operator of Asia’s oldest stock exchange, has dismissed complaints filed by two individuals regarding its upcoming initial public offering and is going ahead with the share sale as planned, three people familiar with the matter told VCCircle.

Is Flipkart preparing for an IPO soon?

January 11, 2017 | Aman Malik

Flipkart, India’s largest e-commerce portal, is preparing to list on the stock exchanges, a news report said on Wednesday.

Citing unnamed company sources, The Hindu BusinessLine newspaper reported that Flipkart is readying “itself for an IPO or a full sell-off”.

Nandan Nilekani nearly doubles stake in Cafe Coffee Day parent

January 10, 2017 | Ankit Doshi

Infosys co-founder Nandan Nilekani, who led the pre-initial public offering (IPO) investment round in Coffee Day Enterprises Ltd (CDEL) in March 2015, nearly doubled his stake in the firm in three months ended 31 December 2016, stock exchange data showed.

Share buybacks by India Inc hit record high in 2016

January 09, 2017 | Ankit Doshi

With the Sensex returning a meagre 2% during calendar year 2016 and the government introducing additional levy on dividend income, several Indian companies took the share buyback route last year to reward shareholders.

Exclusive: Dixon Technologies hires bankers for IPO

January 04, 2017 | Bruhadeeswaran R

Contract electronics maker Dixon Technologies India Pvt Ltd is finalising plans for an initial public offering, as indications of a pick-up in stock markets after the drop in November prompt local companies to look at share sales again.

Exclusive: CX Partners-backed SIS crosses regulatory hurdles to IPO

January 04, 2017 | Ankit Doshi

Security and Intelligence Services (India) Ltd (SIS) has resolved regulatory problems related to its initial public offering, putting the share sale back on track, three people familiar with the matter told VCCircle.

Exclusive: Speciality chemicals maker Fine Organics appoints bankers for IPO

January 03, 2017 | Ranjani Raghavan & Ankit Doshi

Speciality chemicals firm Fine Organic Industries Pvt. Ltd has appointed financial advisors to finalise plans for an initial public offering this year, two people familiar with the matter said.

Hudco files for IPO; government to sell 10% stake

January 03, 2017 | Ankit Doshi

Housing and Urban Development Corporation Ltd (Hudco) has filed draft documents for an initial share sale, seeking to become the first state-run company to go public in nearly five years.

Cable operator GTPL Hathway files for IPO

January 03, 2017 | Ankit Doshi

GTPL Hathway Pvt. Ltd, which counts top Indian cable operator by revenue Hathway Cable & Datacom Ltd as a key shareholder, has filed a draft prospectus with the capital markets regulator Securities and Exchange Board of India for an initial public offering (IPO).

BSE aiming to float IPO in January second half

January 02, 2017 | Ankit Doshi

BSE Ltd, formerly Bombay Stock Exchange, is targeting its initial share sale in the third or fourth week of January, two people familiar with the matter said.

Global equity deals slide in 2016; bankers cautious on next year’s outlook

December 30, 2016 | Reuters

Global equity raising fell by more than a quarter in 2016, data showed on Friday, hit by geopolitical shocks and a string of failed initial public offerings (IPOs), with the outlook for 2017 looking shaky.

China deals may buoy Asia-Pacific IPO market next year after weak 2016

December 30, 2016 | Reuters

Share sales in Asia ex-Japan are set to rebound in 2017 from three-year lows this year, driven by listings of financial firms in Greater China, including the world's biggest fintech IPO, and a further revival of offerings in India, bankers and investors said.

IPOs rule in lacklustre year for equity markets

December 30, 2016 | Ankit Doshi

Indian companies rushed to float initial share sales this year but overall fundraising on the stock exchanges slumped due to market volatility and weak economic and investment scenarios.

Construction firm PSP Projects files for IPO

December 29, 2016 | Ankit Doshi

Ahmedabad-based construction company PSP Projects Ltd has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering.

NSE reveals suspected trading violations

December 29, 2016 | Reuters

National Stock Exchange said an independent agency had found potential instances that some brokers were given unfair access to its servers, as India's largest bourse applied for its long-awaited initial public offering on Wednesday.

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