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Trimax IT Infrastructure Services has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of 11,977,000 equity shares of face value of Rs 10 each.
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In an interview with CNBCTV18, Krupesh Thakkar, managing director of Rushil DĂ©cor, 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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