Quick view: MCX fixes IPO price at R1,032 per share

Updated: Feb 28 2012, 06:11am hrs
Multi Commodity Exchange of India (MCX) has fixed the offer price at R1,032 per equity share for its initial public offering (IPO). MCXs IPO was subscribed 54.13 times with the retail portion being oversubscribed 24.14 times, while qualified institutional buyers and non-institutional investors portion was subscribed 49.12 times and 150.35 times, respectively. It was an offer for sale of 64.27 lakh equity shares of face value of R10 each, which constituted 12.6% of the post offer paid-up equity share capital of R509.98 million. Edelweiss Financial Services, Citigroup Global Markets India and Morgan Stanley India are the book-running lead managers to the offer.

Caduceus Asia Mauritius to pick 12% in Shasun

Mauritius-based Caduceus Asia Mauritius will pick up 11.93% stake in Shasun Pharmaceuticals for a consideration of R50 crore. Accordingly, the promoter holding will come down to 41.15% from the current 46.73%. Shasun will use the money to re-pay long term funds as well as to part finance the capex, the company said.

Kalpathi Investment pares stake in EdServ

Kalpathi Investment Private, the leading non-promoter investor in Chennai-based

e-learning company EdServ Softsystems, has pared 2.14% stake or 5.62 lakh shares in the e-learning through open-market transactions in small doses, between February 15 and February 23 this year. Kalpathi originally had held 14.22% stake (37.31 lakh shares) in EdServ. Post dilution, Kalpathi's stakeholding has been lowered to 12.08% or 31.89 lakh shares. Propsel Ventures private (9.53%) and IDBI Bank (1.86%) are the other major non-promoter stakeholders in EdServ.

Strides Arcolab to pay R2 dividend

Strides Arcolab has informed BSE that the board of directors of the company, at its meeting held on Monday, has recommended dividend at 20%, that is, R 2 per share for the year ended December 31, 2011.