Public offer News
A total of 57 open offers for shares worth Rs 9,676 crore were made by the companies in the last year, latest data by Sebi showed.
State Bank of India on Saturday said it proposes to raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.
To encourage retail participation in government bonds, top stock exchange BSE on Thursday said that a mechanism would be in place in the next 6-9 months for a 'public offer' of such debt instrument.
To help investors and companies in IPOs, Sebi on Tuesday halved the listing time to six days from the date of the public offer and also allowed a larger number of firms to tap the "fast-track" route for raising funds.
State Bank of India (SBI) will raise Rs 15,000 crore through a public offer including rights issue to fund business and meet global capital adequacy norms.
After a brief lull, listed companies made open offers worth Rs 588 crore to public shareholders in October, the second highest level seen in the first seven months of current financial year.
Sebi on Friday "reprimanded" HSBC Securities and Capital Markets Pvt Ltd for failing to make adequate disclosures related to an open offer for shares of Global Offshore Services' made in 2008.
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