SAIL’s FPO Is Scheduled To Hit Market In March 2011

SAIL’s FPO (follow-on public offer) is scheduled to hit the market in March 2011 because the firm sorts its issues with-bankers,

Previously, the FPO issue was planned for kick off on February 8, that was, nevertheless, delayed because of an issue faced with bankers concerning the management of the follow-on public offer . SAIL follow-on public offer banker’s had also discussed for Tata Steel FPO, the offering that received warm result from the investors following the roll out.

SAIL is hoping to increase Rs 8000-crore via this FPO. It’s going to be a beneficial deal for the govt because it owns greater than 85 per cent stake in the SAIL follow-on public offer .

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

Common shares

Common shares Common shares are standard shares with no particular restrictions or rights and have the potential to provide the highest financial gain, but ordinary shares (common ...…

Mutual Funds

Mutual Funds Why  you need a expert or a financial planner to select the funds & timely review them because even a 3% difference in the Portfolio ...…

Who makes the Offer Documents / Prospectus?

Who makes the Offer Documents / Prospectus? Commonly, the public issues of firms are maintained by "Merchant Bankers" who are accountable for obtaining the project estimated, finalizing the value of the projects, ...…

What Is Face Value Of A Share And Debenture?

What Is Face Value Of A Share And Debenture? stated value given to a security by the company. For stocks, it's the original price of the share shown on the certificates for bonds, it's ...…

Dematerialization Definition

Dematerialization Definition Dematerialization (Meaning) is the procedure through which physical certificates of the trader are usually transformed into an equal quantity of securities in electronic form as ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV