NSE said to invite i-bank pitches for much-awaited IPO
NSE has issued RFPs to investment banks for its upcoming IPO, targeting an advisor selection by April. The move follows Sebi’s 30 January no-objection clearance. Source
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IRFC OFS: Government did not adopt greenshoe option, will sell only 2 percent stake – big fall seen in shares – Market
The Government of India has decided not to use the oversubscription option in the Offer for Sale (OFS) brought to sell stake in Indian Railway Finance Corporation (IRFC). Along with this, stake sale has been limited to 2 percent of the base offer size. The government’s initial plan was to sell 2 per cent equity…
Hindustan Zinc OFS: Vedanta board approves 1.59% stake sale in metal company amid sharp rally. Check details
Mining giant Vedanta today said its duly authorized Committee of Directors has approved the sale of up to 6,70,00,000 equity shares of Hindustan Zinc, representing a 1.59% stake, through an offer-for-sale route. The company, in its regulatory filing, said that the proposed transaction will be executed through the stock exchange mechanism, in line with applicable…