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Equity shares of diamond jewellery player C Mahendra Exports saw mild response from traders, closed at Rs 111.60, with small premium of 1.45% over an issue price of Rs 110 a share on National Stock Exchange.
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The muchdelayed share sale of staterun SAIL, expected to mop up Rs 6,000 crore at current market price, will take another three months and may take place around Diwali, Steel Minister Beni Prasad Verma said.
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The staterun oil and gas explorer ONGC is right on track to launch the followonpublic (FPO) on September 20, 2011. The empowered group of ministers (EGoM) may meet tomorrow to decide the price band for Rs 10,500crore FPO offer.
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Shares of SRS, a company into business from cinema exhibition, jewellery, food to retail, slipped sharply in the opening trade on listing day. The stock was trading near day's low of Rs 40.40, down 30.34% from issue price of Rs 68 a share on the National Stock Exchange.
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Packaging material manufacturer RDB Rasayans is entering capital market with a public issue of 45 lakh equity shares on September 21 and has fixed a price band for the issue at Rs 7279 per equity share.
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Flexituff International, a leading integrated manufacturer of Flexible Intermediate Bulk Containers (FIBC) is entering the Indian capital markets with its initial public offer (IPO) for 67.5 lakh equity shares including offer for sale of up to 22.5 lakh equity shares by Clearwater Capital Partners (Cyprus) Limited of face value of Rs 10/ each.
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Taksheel Solution will enter the capital market on September 29, 2011 with a fresh issue of 55 lakh equity shares of Rs.10 each; in the price band of Rs 130150 a share, aiming to raise Rs 71.582.5 crore.
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