
Tuesday, August 18, 1998
IDBI plans Rs 40 crore public issue
IDBI Bank will make an equity offer to the public in the current calendar year. The equity portion of the offering will comprise Rs 40 crore. The premium on the offering has not been determined as yet.
Citibank to market Alliance India Premier Growth Fund
Alliance Capital Asset Management on Monday launched its latest product -- Alliance Equity Fund -- through Citibank. Christened Alliance India Premier Growth Fund, the open-end fund is aimed at deriving returns from high growth stocks.
Feeble response prompted SBI to defer RIB closure date
The State Bank of India's decision to extend the earliest closing date for the Resurgent India Bonds (RIB) by one week has not surprised the market as contrary to expectations the issue has failed to generate an "overwhelming" response.
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