News Roundup: Tata Sky plans to raise Rs 2000Cr via IPO | VCCircle
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News Roundup: Tata Sky plans to raise Rs 2000Cr via IPO

BY  TEAM VCC
Sources suggest that Tata Sky is planning an IPO by the second half of the next calendar year.

Tata Sky plans to raise Rs 2000 crore via IPO: Right at the time of implementation of compulsory digitization in India, Tata Group's Tata Sky is planning an IPO to raise about Rs 2000 crores by putting on offer 25% stake, sources with direct knowledge said. (The Economic Times)

RPS Group to invest Rs 600Cr to build IT/biz Park: Realty firm RPS Group today said it will invest Rs 600 crore over the next three years to develop an IT and Business Park at Faridabad in Haryana. The project 'RPS Infinia', spread over 7.5 acres of land, would have a built up area of one million sq ft. The company would develop 240 executive business suites in this IT Park. (moneyconntrol)

NMDC to pick Up majority stake in Andhra’s New Port: Iron ore miner NMDC will become the majority owner of a major seaport in Andhra Pradesh, marking one more attempt at diversification by the cash-rich state-owned company. NMDC will invest in a port project in Ramayapatnam in Prakasam district, about 350 km north of Chennai, making the fishing village only the country’s fourteenth major port, people familiar with the development said. (The Times of India)

Hexaware eyes acquisition as it plans to enter manufacturing services: Mid-cap IT services and solutions provider Hexaware Technologies is scouting for acquisitions as it plans to enter new vertical. P R Chandrasekar, CEO and Vice Chairman, Hexaware Technologies said that the company is planning to enter the manufacturing vertical and would prefer to follow an inorganic route. (Business Standard)

LIC Housing Finance to raise Rs 400Cr: LIC Housing Finance plans to raise at least Rs400 crore ($74.36 million) in a two-tranche bond sale, two people with direct knowledge of the deal said on Thursday. The company is planning to raise minimum Rs200 crore through three-year bonds at 9.38%, one of the people said, adding that Axis Bank is the arranger to the deal. (Mint)

RPG-Sanjeev Goenka Group mulls listing Spencer's Retail: Buoyed by developments in retail FDI front, RPG-Sanjeev Goenka Group is planning to list its retail arm Spencer's. Speaking to reporters here, the group's chairman Sanjiv Goenka said several options, including mirror level demerger from the parent company, initial public offering, and induction of a strategic investor, were being looked at for listing of Spencer's Retail. (moneycontrol)

Courtesy: VCCEdge

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