New Delhi: Rakesh Jhunjhunwala-backed Start Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with Sebi for an initial public offering. The initial stake sale will consist of issuance of fresh equity shares aggregating to Rs 2,000 crore and offer for sale (OFS) of up to 60,104,677 equity shares by the … Read more
MUMBAI: Shyam Metalics and Energy raised Rs 270 crore from anchor investors on Friday, ahead of its initial public offer (IPO) on Monday. The company has allotted 88.21 lakh shares to 21 anchor investors at Rs. 306 per share in a pre-IPO anchor issue, , it said in an exchange filing The company allotted 60.45 … Read more
Mumbai: Mrs Bectors Food Specialties raised Rs 162 crore from anchor investors on Monday, ahead of the opening of its Rs 541 crore initial opening offer. The buns and biscuit maker allotted a total of 56,25,415 shares at Rs 288 per share to anchor investors including Nomura, Goldman Sachs India, HDFC Life Insurance Co, Sundaram … Read more
By Divya Patil State Bank of India priced one of the riskiest bank capital securities at a record-low coupon, in the latest sign that investors are confident policy makers’ stimulus steps will help large issuers weather the pandemic. India’s biggest bank will sell 40 billion rupees ($545 million) of the so-called Additional Tier 1 bonds … Read more
By Siddhartha Singh India is poised to hire Deloitte Touche Tohmatsu India Ltd. and SBI Capital Markets Ltd. to help Life Insurance Corp. of India prepare for an initial share sale, people with knowledge of the matter said. The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the … Read more