Lodha Group plans IPO, to dilute 10% stake
Lodha Group, a Mumbai-based realty player, is mulling an initial public offer (IPO) to sell 10 per cent stake for raising funds, a top company official said.
"We plan to come out with our IPO in the next 12 months and 10 per cent stake will be offloaded," Lodha Group Director Abhinandan Lodha told reporters here.
Shaadi.com owner People Group mulls public listing
Popular marriage portal Shaadi.com 's owner People Group has proposed to dilute up to 20 per cent of its equity stake through an initial public offering (IPO).
Anupam Mittal-led multi-brand consumer Internet company People Group, which also own brands like Fropper.com, Makaan.com and Astrolife.com, is planning to tap the market in 2009 to help raise funds for growing inorganically and go beyond the boundaries of the country.
Powering the IPO-lineup of more than Rs 20,000 cr
So you thought the real estate sector mopped up the lion's share of the capital market this year? Just check these stats — blazing the trail this year is the power sector with an impressive IPO line-up of more than Rs 20,000 crore. This is around 35% more than the Rs 13,000- crore worth of IPOs mobilised in the real estate sector this year, including the mega DLF offering.
In fact, as many as seven companies, including Anil Dhirubhai Ambani's Reliance Power, have filed draft papers for IPOs with market regulator SEBI in the last couple of months. Already, funds worth Rs 3,900 crore from the capital market has come to the power sector this year. In addition, the sector is expected to raise over Rs 16,000 crore as companies such as Reliance Power, REC and NHPC line up to float their IPOs in the next couple of months.
ONGC Petro planning IPO offer: Report
Oil and Natural Gas Corp is planning an initial public offering of ONGC Petro-additions Ltd (OPaL), a special purpose vehicle for a new petrochemicals plant, a newspaper reported on Saturday.
"We are planning an IPO of OPaL after the other equity partner or partners to the project are finalized," RS Sharma, Chairman and Managing Director of ONGC was quoted as saying.
"We are not in a hurry and it could happen by early next year." An ONGC spokesman said he could not immediately comment on the report.
Lodha Group, a Mumbai-based realty player, is mulling an initial public offer (IPO) to sell 10 per cent stake for raising funds, a top company official said.
"We plan to come out with our IPO in the next 12 months and 10 per cent stake will be offloaded," Lodha Group Director Abhinandan Lodha told reporters here.
Shaadi.com owner People Group mulls public listing
Popular marriage portal Shaadi.com 's owner People Group has proposed to dilute up to 20 per cent of its equity stake through an initial public offering (IPO).
Anupam Mittal-led multi-brand consumer Internet company People Group, which also own brands like Fropper.com, Makaan.com and Astrolife.com, is planning to tap the market in 2009 to help raise funds for growing inorganically and go beyond the boundaries of the country.
Powering the IPO-lineup of more than Rs 20,000 cr
So you thought the real estate sector mopped up the lion's share of the capital market this year? Just check these stats — blazing the trail this year is the power sector with an impressive IPO line-up of more than Rs 20,000 crore. This is around 35% more than the Rs 13,000- crore worth of IPOs mobilised in the real estate sector this year, including the mega DLF offering.
In fact, as many as seven companies, including Anil Dhirubhai Ambani's Reliance Power, have filed draft papers for IPOs with market regulator SEBI in the last couple of months. Already, funds worth Rs 3,900 crore from the capital market has come to the power sector this year. In addition, the sector is expected to raise over Rs 16,000 crore as companies such as Reliance Power, REC and NHPC line up to float their IPOs in the next couple of months.
ONGC Petro planning IPO offer: Report
Oil and Natural Gas Corp is planning an initial public offering of ONGC Petro-additions Ltd (OPaL), a special purpose vehicle for a new petrochemicals plant, a newspaper reported on Saturday.
"We are planning an IPO of OPaL after the other equity partner or partners to the project are finalized," RS Sharma, Chairman and Managing Director of ONGC was quoted as saying.
"We are not in a hurry and it could happen by early next year." An ONGC spokesman said he could not immediately comment on the report.
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