UTI to complete Pre-IPO placement next month
UTI Mutual Fund is likely to offload 20 per cent stake to "strategic partners" next month before it comes out with the initial public offer in early February.
"As much as 20 per cent would go to strategic partners which would help UTI expand its core businesses," UTI Chief Marketing Officer Jaideep Bhattacharya said.
The pre-IPO placement, which is likely to be complete by the end of December, wherein no single investor would get more than 5 per cent, he said.
Lodha group's Rs 8,000 cr IPO likely by end 2008
Lodha Developers, a Mumbai-based realty firm, plans to raise between Rs 6,000-Rs 8,000 crore through a public issue within the next 12-months and off-load 10-15 per cent stake in the process.
"Lodha Developers plans to tap the capital market to raise resources to fuel its future expansion. A sum of anywhere between Rs 6,000-Rs 8,000 crore is planned to be raised by end-2008," a source closely connected with the development said.
The realty major, which has an ambitious and massive expansion plan of around Rs 10,000 crore, will use the proceeds of the IPO to fuel this expansion, the source said.
D-Street to shine with jewellery IPOs, four already in offing
The IPO market is getting a new glitter with jewellers from across the country lining up public issues to raise funds for expansion plans in the midst of consumers' growing appetite for luxury purchases.
Renaissance Jewellery and Shree Ganesh Jewellers are planning to raise close to Rs 400 crore from domestic market, while similar trend is being witnessed in US and Europe also.
Two other players -- PP Jewellers and Mehrasons Jewellers -- are also toying with IPO plans in the near future.
Air India's IPO only after integration but ESOPs may precede
National carrier Air India is unlikely to launch an initial public offer before 2009 until full integration of the two merged state-run airlines, but it may give stock options to employees ahead of the issue.
"Our consultant, Accenture, has given a 12-18 month road-map for full integration of the merged identity and an IPO is unlikely to take place before then," Air India's Chairman, V Thulasidas, told media here.
However, a proposal to offer stock options to its 34,000 employees may fructify ahead of the IPO and a concept paper for this purpose has already been submitted to Civil Aviation Ministry, he said.
UTI Mutual Fund is likely to offload 20 per cent stake to "strategic partners" next month before it comes out with the initial public offer in early February.
"As much as 20 per cent would go to strategic partners which would help UTI expand its core businesses," UTI Chief Marketing Officer Jaideep Bhattacharya said.
The pre-IPO placement, which is likely to be complete by the end of December, wherein no single investor would get more than 5 per cent, he said.
Lodha group's Rs 8,000 cr IPO likely by end 2008
Lodha Developers, a Mumbai-based realty firm, plans to raise between Rs 6,000-Rs 8,000 crore through a public issue within the next 12-months and off-load 10-15 per cent stake in the process.
"Lodha Developers plans to tap the capital market to raise resources to fuel its future expansion. A sum of anywhere between Rs 6,000-Rs 8,000 crore is planned to be raised by end-2008," a source closely connected with the development said.
The realty major, which has an ambitious and massive expansion plan of around Rs 10,000 crore, will use the proceeds of the IPO to fuel this expansion, the source said.
D-Street to shine with jewellery IPOs, four already in offing
The IPO market is getting a new glitter with jewellers from across the country lining up public issues to raise funds for expansion plans in the midst of consumers' growing appetite for luxury purchases.
Renaissance Jewellery and Shree Ganesh Jewellers are planning to raise close to Rs 400 crore from domestic market, while similar trend is being witnessed in US and Europe also.
Two other players -- PP Jewellers and Mehrasons Jewellers -- are also toying with IPO plans in the near future.
Air India's IPO only after integration but ESOPs may precede
National carrier Air India is unlikely to launch an initial public offer before 2009 until full integration of the two merged state-run airlines, but it may give stock options to employees ahead of the issue.
"Our consultant, Accenture, has given a 12-18 month road-map for full integration of the merged identity and an IPO is unlikely to take place before then," Air India's Chairman, V Thulasidas, told media here.
However, a proposal to offer stock options to its 34,000 employees may fructify ahead of the IPO and a concept paper for this purpose has already been submitted to Civil Aviation Ministry, he said.
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