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In an interview with CNBCTV18, Krupesh Thakkar, managing director of Rushil Décor, said that company plans to foray in medium density fireboard (MDF) manufacturing and the project stands at around Rs 73 crore. He further added that the company has 2000 dealers as of now in India.
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Amid uncertainty over the ongoing investigation into the 2G scam, Sistema Shyam TeleServices Ltd (SSTL), which offers services under the MTS brand, has deferred its plans to go public and list the company on the bourses.
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The Rs 36.9crore initial public offering of Sanghvi Forging and Engineering, a forging products manufacturer, has received lukewarm response from investors. Noninstitutional (NIIs) and retail investors helped the issue to sail through on last day.
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The Union Cabinet is discussing proposals to take stateowned companies Rashtriya Ispat Nigam and National Buildings Construction public this fiscal, Sumit Bose, Secretary of Department of Disinvestment told Moneycontrol on the sidelines of a press briefing in Mumbai, Monday.
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The Rs 219.58 crore initial public offering of Punebased multiproduct engineering company Innoventive Industries (IIL) opened for subscription. KR Choksey has recommended subscribing the issue with long term perspective, in its research report.
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Paramount Printpackaging's public issue has received good response from investors mainly noninstitutional and retail investors. The issue, which closed today, has subscribed 3.92 times, as per data available on National Stock Exchange.
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