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Followon public offering (FPO) of Power Finance Corporation (PFC), a financial institution dedicated to power sector financing, is likely to hit markets by AprilMay 2011. CNBCTV18 learns that Power Ministry has sent cabinet note on disinvestment of PFC.
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The initial public offering (IPO) of MOIL (formerly Manganese Ore India) has opened for subscription. Angel Broking has recommended subscribing the issue, in its research report dated November 26, 2010.
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EPC services provider A2Z Maintenance and Engineering Services' initial public offering (IPO) is set to open for subscription during December 810, 2010. The company has fixed a price band at Rs 400410/share.
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Stateowned Punjab Sind Bank's 4 crore equity shares initial public offering (IPO) will be opening for subscription from December 13. Hem Securities has recommended subscribing the issue, in its research report.
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The 4 crore equity shares initial public offering (IPO) of stateowned Punjab Sind Bank has opened for subscription. The bank aims to raise at around Rs 452480 crore through IPO at a price band of Rs 113120/share.
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Punjab Sind Bank is feeling the pinch of maintaining a healthy net interest margin (NIM). In an interview to CNBCTV18, PK Anand, Executive Director of the bank said that currently there is pressure on NIMs.
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Nagpurbased Abhijeet Power is in advanced stages of seeking regulatory approval for an initial public offering of up to Rs 1500 crore and expects to file papers by early February, a senior official told Reuters.
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