MTNL and Tata to not participate in jv rights issue

THE ECONOMIC TIMES Sat, Sep 27, 2014 | 10:01 AM IST IPO Newsletter

MTNL and Tata to not participate in jv rights issue MTNL and Tata to not participate in jv rights issue MTNL owns 26.68% in UTL while the balance shares are owned by Tata Communications (26.66%), TCIL (26.66%) and Nepal Ventures Pvt Ltd (20%). Affluent Indian investors rue missing Alibaba IPO Affluent Indian investors rue missing Alibaba IPO To invest in overseas equities directly or in an initial public offer (IPO), investors need to open a separate trading account with an overseas broker. Should investors subscribe to Shemaroo IPO? Should investors subscribe to Shemaroo IPO? The object of the issue is to use Rs 106 crore out of issue size of Rs 120 crore towards funding of working capital requirement. NCC's Rs 600 cr rights issue to open on Sept 29 NCC's Rs 600 cr rights issue to open on Sept 29 The ratio of allotment would be 7:6 (seven shares on rights basis for every six shares held). The issue would be offered at Rs 20 per share (including a share premium of Rs 18 per share). Monte Carlo gets Sebi go-ahead for IPO Monte Carlo gets Sebi go-ahead for IPO The company has said that its PE investor Samara Capital has decided to divest 9.5% stake and promoters will dilute 15% stake through offer for sale.

Company Name Issue Size Status Date of Relevance Volume   Vibrant Global Capital Ltd. 108984000.00 Upcoming 29/09/2014 to 07/10/2014 0-0 Momai Apparels Ltd. 297859230.00 Open 25/09/2014 to 30/09/2014 78-90 Shemaroo Entertainment Ltd. 419999960.00 Close 16/09/2014 to 18/09/2014 170.00 Sharda Cropchem Ltd. 1231509864.00 Close 05/09/2014 to 09/09/2014 156.00 Snowman Logistics Ltd. 197400000.00 Close 26/08/2014 to 28/08/2014 47.00

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