Pub­lic is­sue: HAL, two oth­ers get SEBI nod

The Hindu Business Line - - MARKET WATCH -

As many as three firms, in­clud­ing State-owned Hin­dus­tan Aero­nau­tics, have re­ceived SEBI ap­proval to launch their ini­tial pub­lic of­fer­ings, lat­est up­dates with the mar­ket reg­u­la­tor showed.

The other two firms are: Fu­ture Sup­ply Chain So­lu­tions, and Gand­har Oil Re­fin­ery (In­dia). The three com­pa­nies had filed their re­spec­tive draft pa­pers with the reg­u­la­tor be­tween Au­gust and Septem­ber and ob­tained ‘ob­ser­va­tions’ from the mar­kets watch­dog be­tween Oc­to­ber 26 and 27.

Govt to di­vest 10%

Through Hin­dus­tan Aero­nau­tics’ IPO, the gov­ern­ment will sell 3.61 crore shares, amount­ing to 10 per cent, ac­cord­ing to draft pa­pers.

The pub­lic is­sue of Fu­ture Sup­ply Chain So­lu­tions com­prises an of­fer-for-sale of over 78.27 lakh eq­uity shares by Grif­fin Part­ners and up to 19,56,914 eq­uity shares by Fu­ture En­ter­prises. Ac­cord­ing to mer­chant bank­ing sources, the IPO is ex­pected to gar­ner ₹700 crore. Fu­ture Sup­ply Chain So­lu­tions is part of Kishore Biyani’s Fu­ture En­ter­prise.

Gand­har Oil Re­fin­ery’s IPO con­sists of a fresh is­sue of eq­uity shares worth ₹195 crore and an OFS of up to six lakh shares by ex­ist­ing share­hold­ers.

Aster DM to raise $150 m

Reuters adds:

United Arab Emi­rates-based Aster DM Healthcare ex­pects to raise around $150 mil­lion from list­ing a 10 per cent stake on the BSE by March 2018, its manag­ing direc­tor said on Mon­day.

The com­pany filed a prospec­tus for an IPO of shares in In­dia in June last year.

Manag­ing Direc­tor Azad Moopen said that the com­pany would list the mi­nor­ity stake on the BSE be­fore the end of the cur­rent fi­nan­cial year in March. “We are plan­ning to do the road­shows in Novem­ber and De­cem­ber,” he said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.