Forthcoming PSU IPOs in India
Monday, November 27, 2006
The Cabinet Committee on Economic Affairs have cleared the IPO offerings of the following PSU companies.
- Power Finance Corporation Ltd - 11,73,16,700 shares equivalent to 10.22% of post-equity capital.
- Power Grid Corporation of India Ltd - Fresh issue of shares which will not exceed 24% of the paid-up equity capital of the company.
- Rural Electrification Corporation Ltd - Issue of 15.6 crore shares which is about 20% of the post-equity capital.
- Bharat Earth Movers Ltd - 49,00,000 equity shares at a price to be determined by current market price of BEML during the issue.
Tags: IPO India, Energy Stocks, Dalal Street, Indian Stock Market
Published by DalalStreet Business @ 8:20 AM
