Grabiel India Limited delists its Equity Shares by a unique method. |
4th September, 2007. Grabiel India Limited has received approval from the High Court to merge itself with another compny. In the process, the Shareholders of Grabiel will get Equity Shares of another (Transferee) unlisted company with which Grabiel is merging.The Shareholders of Gabriel will get Shares of unlisted company in the prescribed ratio. Alternatively they are entitled to Rs 95/- per new Equity Shares received by them in the ratio. It is not clear whether Gabriel has complied with Delisting Guidelines of Sebi and followed reverse book-building process to provide exit to the investors. If merger with an unlisted company becomes a practice, SEBI Delisting Guidelines and exit to investor at a price decided through reverse book building may become useless.
|
HOV Services lists at Rs 200 on BSE |
28th September 2006: Pune-based BPO company HOV Services Ltd got listed on Tuesday at Rs 200 on the Bombay Stock Exchange, against its issue price of the same value.
The company in its IPO had offered 40.5 lakh shares of Rs 10 each at a price band of Rs 200 to Rs 240 per equity share, which were oversubscribed by over two times. The QIB portion got subscribed by over four times, while the retail portion was oversubscribed by nearly three times.
The company proposes to utilise the amount generated to acquire the US-based BPOs operating in the finance and accounting sector and also to increase its headcount.
|
Maharashtra Seamless raises $75mn via FCCBs, will be listed on Singapore stock exchange |
6th August 2005: Maharashtra Seamless has raised $75 million via foreign currency convertible bonds (FCCBs), which will be listed on the Singapore stock exchange. The FCCBs will be converted into equity shares at Rs 506.68 per share after maturity on July 30, 2010, the company said in a release issued to the BSE.
|
|
Click to view more
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
|
