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Public offers News
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The board will also decide on a date for extraordinary general meeting for obtaining shareholders' approval for the fund raising plan, it added.
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The amount raised through Initial Public Offers, Follow- on Public Offers, Offer For Sale and Qualified Institutional Placement was Rs 48,991 crore last fiscal.
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Heating up the IPO space, over 30 companies have lined up plans to raise funds totalling over Rs 20,000 crore through public offers, including big names like IndiGo, Cafe Coffee Day, Matrix Cellular and GVK Airport.
Tapping strong investor sentiments, as many as 12 small and medium enterprises came out with their IPOs in September -- the highest in a single month since the launch of dedicated SME platforms in March 2012.
The IPO market has not been able to match the bullish sentiment in the overall equity space as a little over Rs 1,000 crore was raised through public offers in the first half of 2014-15.
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