IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal
5 years, 8 months ago

IFCI aims to mobilise up to ₹2,000 crore from sale of non-core assets this fiscal

Live Mint  

New Delhi: The country's oldest public sector financial institution IFCI expects to mobilise ₹1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange, during the current fiscal to fund business growth, a top company official said. "Rao said after SEBI passed its order on the NSE's co-location case, the road is clear for the stake sale provided market conditions are also supportive. IFCI is also looking to divest part of its stake in its subsidiary Stock Holding Corporation of India.SHCIL has been a profit making and dividend paying company right from its inception. In addition, Rao said the Budget has proposed ₹200 crore capital infusion in the company where government holds 56.42 per cent stake.

Sale Crore Rao Stake Nse Ifci  estate  market  crore  noncore  mobilise  sale  ifci  stake  cent  assets  holds  company  aims  nse  2000  fiscal

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IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY
1 month, 2 weeks ago

IFCI Q3 Results: PSU-NBFC’s net loss widens multifold to ₹59 crore, net-interest income drops 21% YoY

Live Mint  

IFCI Q3 Results: Industrial Finance Corporation of India, or IFCI Limited, announced its October to December quarter on Wednesday, February 12. The company's net loss for the third quarter of the financial year 2024-25 jumped 486 per cent to ₹59 crore, compared to a net profit of ₹10.06 crore in the same quarter a year ago, as per the standalone …

NSE Clearing fails to meet Sebi-mandated liquidity norms, flags BSE unpaid dues of over ₹312 crore
1 month, 3 weeks ago

NSE Clearing fails to meet Sebi-mandated liquidity norms, flags BSE unpaid dues of over ₹312 crore

Live Mint  

New Delhi, Feb 5 - NSE Clearing Ltd, the clearing house of the National Stock Exchange, has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall. In its December 2024 quarterly results, NSE Clearing, the exchange's unit responsible for clearing and settling its …

Shapoorji firm Afcons gets SEBI nod for ₹7000 crore IPO
6 months, 1 week ago

Shapoorji firm Afcons gets SEBI nod for ₹7000 crore IPO

The Hindu  

Afcons Infrastructure Ltd, the infrastructure, engineering and construction company of the Shapoorji Pallonji group said it had received final observation from the capital markets regulator, Securities and Exchange Board of India, for its ₹7,000 crore initial public offering. Proceeds from the fresh issue to the extent of ₹150 crore will be used for capital expenditure towards purchase of construction equipment; …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year, 3 months ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

Netweb Technologies files DRHP for IPO, Seeks Rs257 crore
1 year, 11 months ago

Netweb Technologies files DRHP for IPO, Seeks Rs257 crore

Live Mint  

Delhi-based server makerNetweb Technologies India Ltd, has filed its draft red herring prospectus with the market regulator Securities and Exchange Board of India Initial Public Offering that includes issue of new shares worth ₹257 crore and an offer-for-sale of up to 8.5 million shares by Promoters, according to the DRHP. The offer for sale included up to 2.86 million shares …

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO
3 years, 2 months ago

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO

ABP News  

New Delhi: Delhivery, the supply chain firm, has received Sebi’s approval to raise Rs 7,460 crore through an initial public offering. The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus, PTI reported. According to the draft papers, …

Sebi examining legal aspects of NSE IPO: Tyagi
5 years, 1 month ago

Sebi examining legal aspects of NSE IPO: Tyagi

India TV News  

Sebi chief Ajay Tyagi on Tuesday said the capital markets regulator has received communication from largest stock bourse NSE for its IPO, and is examining the legal aspects of the same. The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering by September. In an …

Sebi to relax OFS framework
6 years, 3 months ago

Sebi to relax OFS framework

Live Mint  

The Securities and Exchange Board of India is set to relax rules governing offer for sale to aid the government’s disinvestment process. The regulator also plans to spare non-banking financial companies from having to disclose changes in shareholding due to encumbered or pledged shares, said the people cited above on condition of anonymity. “Sebi is considering to expand the current …

Canara Bank gets shareholders' nod to raise up to Rs 4,865 crore
7 years ago

Canara Bank gets shareholders' nod to raise up to Rs 4,865 crore

India TV News  

State-run Canara Bank on Friday said it has got the shareholders' approval for raising up to Rs 4,865 crore by allotting additional equity shares of around Rs 13.59 crore to the government on preferential basis. Following the allotment, the government's holdings, as a percentage to the capital, will increase to 72.55 per cent from the present 66.3 per cent and …

How BCCI spent 100 crore on legal bills and still went bust at Supreme Court
8 years, 2 months ago

How BCCI spent 100 crore on legal bills and still went bust at Supreme Court

Hindustan Times  

New Delhi The amount includes the high appearance fee of legal experts like Aryama Sundaram, Kapil Sibal, Mukul Rohatgi, Shekhar Naphade and Arvind Datar that BCCI appointed, and the expenses of the two investigative and advisory bodies, Justice Mukul Mudgal and Justice RM Lodha Committees, appointed by the Supreme Court. A well-placed source in the Board told HT that the …

NSE IPO values it at Rs45,000 crore
8 years, 6 months ago

NSE IPO values it at Rs45,000 crore

Live Mint  

Mumbai: Bankers for National Stock Exchange of India Ltd are asking investors to sell a part of their holding in the bourse’s proposed initial share sale at a price that values it at Rs45,000 crore, three people with direct knowledge of the matter said. In July, State Bank of India sold a 5% stake in NSE to Mauritius-based Veracity Investments …

BSE to sell up to 30% stake by FY17-end
8 years, 9 months ago

BSE to sell up to 30% stake by FY17-end

Live Mint  

Mumbai: Asia’s oldest stock exchange BSE Ltd will sell up to a 30% stake before 31 March 2017 through a so-called offer for sale with a possible fresh sale of equity tagged on, the exchange informed its shareholders on 28 May. On 5 April, IFCI Ltd sold 150,000 shares in BSE’s rival exchange National Stock Exchange for ₹ 3,950 per …

IFCI raises Rs 790 cr in second tranche of NCD issue
10 years, 2 months ago

IFCI raises Rs 790 cr in second tranche of NCD issue

Firstpost  

New Delhi: State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which opened on 1 January. “IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting to Rs 250 crore with an option to retain over-subscription aggregating up to the Residual …

BCCI to earn 600m dollars in 2015-2023: Sanjay Patel
11 years, 1 month ago

BCCI to earn 600m dollars in 2015-2023: Sanjay Patel

India TV News  

Bhubaneswar: The structural overhaul of the International Cricket Council is all set to trigger a financial windfall for the already rich BCCI which is likely to earn an estimated USD 600 million in the next eight years,Board Secretary Sanjay Patel has revealed. "According to my estimate, within this period of eight years we will get around USD 600 million," BCCI …

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