Private Equity Company Milestone-Capital Has Withdrawn Its DRHP

Milestone CapitalPrivate equity company Milestone-Capital has withdrawn its DRHP (draft red herring prospectus), that it had filed with Securities and Exchange Board of India for its IPO. The firm in a statement mentioned, “The board of Milestone Capital Experts has taken a determination to withdraw the draft red herring prospectus , and will begin this procedure again at an suitable time.”

There were information last week that Securities and Exchange Board of India had taken doubt that the Initial public offering might expose small investors to excessive risk.

The company had filed its draft red herring prospectus with Securities and Exchange Board of India in June last yr. The firm was intending to provide 42.85 lakh stocks via the issue, which is 30percent of its post issue paid up capital.

Milestone Capital would be the 2nd firm this month to have withdrawn its ipo public issue. Great-Eastern Shipping’s subsidiary, Greatship had withdrawn its Initial public offering because of the “prevailing market situations”.

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

What Is Bear Market?

What Is Bear Market? [ad name="468x15- 5 link"] A bear market is happens when a major index encounters a drop of 20% or higher from the most recent high point. ...…

What is a Demat Account ?

What is a Demat Account ? Demat account permit you to buy, sell and transact shares without the endless paperwork and delays. It is also secure , safe, and convenient. The term ...…

Invest Regularly

Invest Regularly Invest Regularly : Improve the practice of adding to your recurring deposit and SIP (systematic investment plan of mutual fund) / deferred annuity ...…

Reason For Company Issue Shares To The Public

Reason For Company Issue Shares To The Public Most firms are generally began privately through their promoter(s). However, the promoters capital and also the borrowings from financial institutions as well as banks may ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV