WEEKLY NEWS
8th Nov. to 12th Nov.
Punjab & Sind
Bank, the only
unlisted state-
owned lender,
has got market
market
regulator Sebi
approval for its
estimated...
Allahabad Bank
plans to raise up
to Rs.1400 cr. In
Tier-II during the
second half of the
current fiscal year.
Mr. Dua the ...
Nimbus communication, known for its Neo cricket and Neo
Sport channel, plans to raise around Rs. 900 Cr. through its
IPO i...
Weekly news 10
Weekly news 10
Weekly news 10
Weekly news 10
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Weekly news 10

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Weekly news 10

  1. 1. WEEKLY NEWS 8th Nov. to 12th Nov.
  2. 2. Punjab & Sind Bank, the only unlisted state- owned lender, has got market market regulator Sebi approval for its estimated Rs.600 crore IPO likely to hit the market by November end. Sebi on Tuesday gave clearance to the draft prospect filled by Punjab & Sind Bank. The bank proposes to issue up the 4 crore equity shares of Rs.10 each for cash at price to be discovered through 100% book building process. The government would about 17.9% of its stake through IPO and post- offer, its holding would come down to about 82%
  3. 3. Allahabad Bank plans to raise up to Rs.1400 cr. In Tier-II during the second half of the current fiscal year. Mr. Dua the managing director said the bank has applied for RBI approval for 3 branches in Shnaghai, Dhaka, and a second branch at kowloon in Honk kong. The bank will open 47 bank branches during the fiscal year.
  4. 4. Nimbus communication, known for its Neo cricket and Neo Sport channel, plans to raise around Rs. 900 Cr. through its IPO in January. The company propose to issue 22,500,000 equity shares, which company fresh issue of 14,040,000 equity shares and offer to sale of 8,010,000 equity shares in January. The company has drawn up a Rs.350 crore capital expenditure plan, which will be met through the IPO.

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