Anupam Rasayan: The stock will make market debut on Wednesday. The Rs 760 crore IPO, which was sold from March 12 to March 16, had received 44.06 times bids, with the HNI quota (NII) receiving 97.42 times subscription. QIB quota was subscribed 65.74 times while the retail quota attracted bids for 10.77 times.
Rail Vikas Nigam: The government said it will dilute 15 per cent stake in Rail Vikas Nigam Ltd via an offer for sale to raise nearly Rs 750 crore. The issue will open on Wednesday for non-retail investors, and on Thursday for retail investors.
Bharti : Airtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for $119 million, Bharti Airtel said in a regulatory filing. The two companies have also entered into agreement for tower assets in Chad and Gabon but particulars of the deal were not disclosed.
Hero MotoCorp: The country’s largest two-wheeler maker
said it will increase prices of its motorcycles and scooters by up to Rs 2,500 from next month in order to partially offset the impact of increase in commodity costs.
South Indian Bank: The private sector lender said shareholders of the bank approved raising equity capital of Rs 240 crore through qualified institutional placement (QIP).
Tata Communications: Tata Group’s holding in has increased to 58.87 per cent after the government sold stake to Tata Sons’ unit Panatone Finvest.
Reliance Industries: Saudi Aramco remains in discussion with
for a potential deal to buy a 20 per cent stake in its oil-to-chemical (O2C) unit, Morgan Stanley said citing the Saudi firm’s analyst call post announcing 2020 earnings.
Bank of Maharashtra: The state-run bank said it has raised Rs 100 crore by issuing Basel III compliant bonds on private placement basis. “The bank had successfully raised capital of Rs 100 crore through private placement of Basel III compliant tier II bonds,” Bank of Maharashtra said in a regulatory filing.
