Tuesday, February 23, 2010

IPO NEWS

1. POWER GRID CORP.INDIA LIMITED - The follow-on public issue of Power Grid is likely to be in Sep 2010 according to Mr.S K Chaturvedi, CMD of the company. The funds are raised for the purpose of expansion and is hoping to mobilise around Rs 3500cr.

2.Man Infra IPO subscribed 62 times. FIRST CHOICE was first to recommend the IPO, for subscription.

3.Sistema Shyam Teleservices, a joint venture between Russia's Sistema and India's Shyam group is planning to enter the capital market with an IPO, in the next 6-9 months, according to sources.

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