Tag Archive for Share

CreditAccess Grameen Ltd. allots Rs. 339.36 cr to 23 anchor investors at Rs. 422 per Equity Share

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

  • Initial Public Offer to open on August 8, 2018 and to close on August 10, 2018
  • Price Band: Rs. 418 to Rs. 422 per Equity Share

CreditAccess Grameen Limited (the “Company” or “Issuer”), allotted 80,41,617 equity shares to 23 anchor investors at Rs. 422 per Equity Share (upper end of the Price Band) aggregating to Rs. 339.36 crore.

Anchor investors include: 1) NEUBERGER BERMAN EMERGING MARKETS EQUITY FUND 13.26%; 2) ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND 11.79%; 3) EASTSPRING INVESTMENTS INDIA EQUITY OPEN LIMITED 10.81%; 4) PICTET – INDIAN EQUITIES 9.43%; 5) SUNDARAM MUTUAL FUND A/C  SUNDARAM RURAL AND CONSUMPTION FUND 7.37%; 6) HDFC STANDARD LIFE INSURANCE COMPANY LIMITED 5.89%; 7) EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST-EDELWEISS CROSSOVER OPPORTUNITIES FUND 5.75%; 8) TATA VALUE FUND SERIES 1 4.42%; 9) CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED 4.13%; 10) MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND 3.31%; 11) IIFL FOCUSED EQUITY FUND 2.95%; 12) BNP PARIBAS ARBITRAGE 2.48%; 13) CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO EQUITY TAX SAVER FUND 2.36%; 14) MIRAE ASSET INDIA SOLOMON EQUITY INVESTMENT TRUST 1 1.99%; 15) BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED 1.87%; 16) EASTSPRING INVESTMENTS-INDIA EQUITY FUND 1.86%; 17) HSBC SMALL CAP EQUITY FUND 1.51%; 18) TATA VALUE FUND SERIES 2 1.48%; 19) TATA BANKING & FINANCIAL SERVICES FUND 1.48%; 20) INDIA ACORN FUND LTD 1.47%; 21) AL MEHWAR COMMERCIAL INVSTMENTS LLC – (WHITING) 1.47%; 22) ASHOKA INDIA EQUITY INVESTMENT TRUST PLC 1.47%; 23) ASHOKA PTE LTD 1.47 %.

The Company proposes to open on August 8, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a fresh issue of up to [●] Equity Shares aggregating up to Rs. 6,300 million (“Fresh Issue”) and an offer for sale of up to 11,876,485 Equity Shares by the Promoter, CreditAccess Asia N.V. (“Promoter Selling Shareholder” and such offered shares, the “Offered Shares”) (“Offer For Sale”).

The Bid/Offer Period closes on August 10, 2018.

The Price Band for the Offer is from Rs. 418 to Rs. 422 per Equity Share. Bids can be made for a minimum lot of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

The Equity Shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited. Read more

Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Eros International PLC (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited (“Reliance”), previously announced on February 20, 2018, has been completed.

 

Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents 5.0% of Eros’ current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15.00 per share, which represents a total cash consideration of $46.6 million.

 

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Eros International Plc in this transaction. Read more

TCNS Clothing Co. Limited allots Rs. 337.5 crores (47,14,210 equity shares) to 33 anchor investors at Rs. 716 per equity share

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By Vivek K.  Mobile: 09920183006 Email:indianshowbusiness@gmail.com

TCNS Clothing Co. Limited allots 47,14,210 equity shares at Rs. 716 per equity share (upper end of the Price Band) to 33 anchor investors aggregating to Rs. 337.5 crores. The anchor book is well distributed anchor book witnessing participation from global and local institutional investors.

Anchor book of INR 337.5 crores with bids from over 30+ schemes of 24 institutional investors
Well distributed anchor book witnessing participation from global and local institutional investors
Participation from various pockets of demand including FII long only investors, private equity funds, local mutual funds, insurance companies and alternative asset managers
60% of the anchor book allocated to FII long only and private equity investors and c. 30% allocated to local institutions
Marquee FII investors like Fidelity, Goldman Sachs, GMO, Steinberg, White Oak Capital and private equity sponsors like ChrysCapital participated as anchors
Few first time anchor investors in India IPO like Al Mehwar Investments (from Abu Dhabi) and Sylebra Capital from Asia participated
Among local institutions, Axis Mutual Fund, Birla Mutual Fund, ICICI Prudential Life Insurance, Sundaram Mutual Fund, Edelweiss group and IIFL group were key participants

Names of anchors:

1) FIDELITY SECURITIES FUND – FIDELITY BLUE CHIP GROWTH FUND – 8.58% of the total anchor portion, 2) FIDELITY INVESTMENT TRUST FIDELITY INTERNATIONAL DISCOVERY FUND – 6.73%, 3) FIDELITY SECURITIES FUND-FIDELITY SERIES BLUE CHIP GROWTH FUND – 2.02%, 4) GMO EMERGING DOMESTIC OPPORTUNITIES FUND, A SERIES OF GMO TRUST – 10.07%, 5A) Read more

Experience nostalgia as Raghu Dixit and Rasmika Mandana share their memories of Bangalore

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Rasmika Mandana

In the last couple of years, Bangalore has changed a lot;one should ask those who have been living here since long. There is a sense of nostalgia attached to their words whenever they talk about the city. But they have welcomed the change in the city too. While conversing with these two celebs about Bangalore and how have they flirted with the change in the city, we talked with them about their memories of the city regarding the #FlirtWithYourCity campaign.

Indieartist Raghu Dixit shares his memories, he said, “We used to sit amidst the vendors at the Krishna Rajendra flower market that it has been around for more than 20 years, ever since I came to Bangalore. Over so many years, many people have come down and settled down here. The flowers here are the best representation of what the city is, according to me.” Read more

Chitrangda Singh takes it to Instagram to share striking pictures of her from a recent photo-shoot!

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

She is looking exceptionally gorgeous wrapped top to toe in a denim attire flaunting her easy-to-go style with a hint of glamour quotient attached to it. Read more

Share Emotions With the Caran D’ Ache Pens

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Caran d' Ache collection

Themes dear to the heart of Swiss identity, coexist with motifs and shades trending on international fashion runways. Instantly identifiable as the ultimate emblem of the Maison Caran d’Ache, the 849 pen has a hexagonal shape and the ultra-comfortable proportions of an iconic model. Heir to the principles of industrial design and its ergonomic concerns, the 849 and its purist architecture is the source of continuous stylistic renewal, designed for the long term. Read more

Abhishek Bachchan share’s pictures of his winning Football team from Singapore

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

A post shared by Abhishek Bachchan (@bachchan) on


 

Abhishek Bachchan, recently was in Singapore for a football match where as the captain of ‘All Stars Football Club’ he won the ‘Magic Bus Cup’ triumphing over ‘Singapore’s Celebrity Sports Club’.  Read more

South Actresss Shivaani Singh is amazed to share the screen with Vidya Balan.

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

After the release of Shivaani Singh’s ‘Ye Mantram Vesave’ a Telugu movie debut, she is all set for the forthcoming plans with her career. Recently she finished an ad commercial for Catch Masala spices with Vidya Balan and mentions about the fan moment she experienced. Despite multiple commercials in the past like tata zest, jabong, veet etc, she had her first fan moment during the shoot of Catch Masala. The commercial was shot in Bombay where Vidya Balan plays the sister-in-law of Shivaani. Read more

Lemon Tree Hotels Limited allots RS. 311 CRORE to 16 ANCHOR INVESTORS AT RS. 56 PER EQUITY SHARE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lemon Tree Hotels Limited (the “Company” or the “Issuer”) has finalized the allocation of 55,643,820 Equity Shares at Rs. 56 (upper end) per Equity Share aggregating to Rs. 311 crore to 16 anchor investors.

The anchor list include:- SBI MAGNUM MONTHLY INCOME PLAN- 3.85% , SBI MAGNUM MULTIPLIER FUND-6.42%, SBI MAGNUM BALANCED FUND-10.55%, NS PARTNERS TRUST-3.21%,VANTAGETRUST III MASTER COLLECTIVE INVESTMENT FUNDS TRUST-5.12%,MIRAE ASSET INDIA SOLOMON EQUITY INVESTMENT TRUST 1-1.60%,MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND-3.61%,INDUS INDIA FUND (MAURITIUS) LIMITED-3.75%, INDUS INDIA FUND (SV) LIMITED-2.50%, RBC ASIA PACIFIC EX-JAPAN EQUITY FUND-5.20%, LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS-3.21%, DB INTERNATIONAL (ASIA) LTD-12.61%, GEMEQUITY-3.21%, DORIC ASIA PACIFIC SMALL CAP (MAURITIUS) LIMITED-3.21%, NEW YORK STATE COMMON RETIREMENT FUND-3.21%, ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC-7.29%, ALPINE GLOBAL PREMIER PROPERTIES FUND-5.20%, ZAABA PAN ASIA MASTER FUND-2.08%, HDFC SMALL CAP FUND-8.33%, BNP PARIBAS ARBITRAGE-5.83% Read more

BANDHAN BANK LIMITED: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 15, 2018 and to close on March 19, 2018 Price Band: Rs. 370 to Rs. 375 per Equity Share

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Vishal Kampani (JM Financial Ltd.), Mr. Sonjoy Chatterjee (Goldman Sachs (India) Securities Private Ltd.), Mr. Uday Kotak (Kotak Mahindra Bank), Mr. Chandra Shekhar Ghosh (Managing Director and Chief Executive Officer, Bandhan Bank Ltd), Mrs. Shikha Sharma (Axis Bank Ltd.), Mr. Sunil Samdani (Chief Financial Officer, Bandhan Bank Ltd) and Mr. Madhav Kalyan (J.P Morgan Chase Bank N.A., India) at the Bandhan Bank Limited IPO Press conference held in Mumbai today.

Bandhan Bank Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 15, 2018, an initial public offering of up to 119, 280,494 Equity Shares (the “Offer”), consisting of a Fresh Issue of up to 97,663,910 Equity Shares and an Offer For Sale of up to 14,050,780 Equity Shares by IFC and up to 7,565,804 Equity Shares by IFC FIG (collectively, the “Selling Shareholders” and such Equity Shares offered by the Selling Shareholders, the “Offered Shares”) (“Offer For Sale”). Read more