Rajnath Singh refuses to pinpoint blame about 'rumours' on son

Rajnath Singh refuses to pinpoint blame about 'rumours' on son

There has been some reports of Rajnath Singh's son being ticked off by PM Narendra Modi...
HC moved for restoring playground used for helipad for Jaya

HC moved for restoring playground used for helipad for Jaya

A former DMK MLA has filed a plea in Madras High Court seeking restoration of football ground in a stadium in Cuddalore...

Quick View

Jan 24 2013, 01:37 IST
Comments 0
SummaryJaypee Infratech’s parent will sell up to 98.5 million shares on Thursday to raise up to $94 million to meet the market regulator’s guidelines on minimum public shareholding.

Jaypee Infra share sale today to cut parent stake

Jaypee Infratech’s parent will sell up to 98.5 million shares on Thursday to raise up to $94 million to meet the market regulator’s guidelines on minimum public shareholding. Jaiprakash Associates, which owns about 83 percent of Jaypee Infratech, will sell 27.9 million shares to institutional investors with an option to increase it by another 70.6 million, the company said in a statement late on Tuesday. Jaypee Infratech, which builds roads and homes primarily in the north Indian state of Uttar Pradesh, plans to announce the floor price for the share auction after market hours on Wednesday, it said. The Securities and Exchange Board of India has directed listed companies to ensure that at least 25 percent of their shares are publicly traded by June end.

Sebi slaps R5 lakh fine on two in BGSL trading case

Market regulator Sebi on Wednesday imposed a fine of R5 lakh on two individuals for alleged fraudulent trade practices in shares of Betala Global Securities Ltd (BGSL). In two separate orders, Sebi slapped a fine of R2 lakh on one Dimple Shah and another R3 lakh on Piyush Shah for manipulative and deceptive trading which led to creation of artificial demand and a false appearance of trading in the shares of BGSL. "I am of the view that the facts of the present case clearly bring out an element of fraud and unfair trade practices indulged in by the noticee through brokers in connivance with other entities of Mahesh Mistry Group," Sebi's adjudicating officer PK Kuriachen said in similarly-worded orders. In a probe conducted by Sebi, the regulator found a spurt in the share price of BGSL during May 2-November 21, 2003. The regulator said the company's scrip price jumped by 254% and a total of 1.54 crore shares were traded. Sebi said a group of clients connected to each other and collectively referred to as 'Mahesh Mistry Group' traded in the shares of the BGSL. Both Dimple Shah and Piyush Shah were found to be part of the group.

Deutsche starts United Spirits with ‘buy’ rating

Deutsche Bank initiated coverage of United Spirits with a ‘buy’ rating, citing it 53% market share in the Indian spirits market, the significant entry barriers to foreign players, and the benefits from its deal to sell a majority stake to Diageo. The investment bank said Diageo would bring “much-needed financial prudence” to United

Single Page Format
Ads by Google

More from Corporates & Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...