Tata group firm Tata Technologies raised Rs 791 crore from 67 anchor investors on Tuesday, at the higher end of the Rs 475-500 price band. The firm’s IPO opens for subscription on Wednesday, in what will be the first IPO of a Tata Sons entity for almost 20 years after TCS in 2004.
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Fedfina announces Rs 1,092 crore IPO; sees no impact of RBI norms on issue
The issue will remain open for subscription till Friday.
“Tata Technologies, in consultation with the book running lead managers, has finalised allocation of 1,58,21,071 equity shares to anchor investors, at a price of Rs 500 per share,” the company said in its filing to exchanges.
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State-run IREDA raises Rs 643 cr from anchor investors
The issue is an ‘offer for sale’ only by promoter Tata Motors, and investors Alpha TC Holdings & Tata Capital Growth Fund I.
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Read moreThe RBI’s announcement to go for an Open Market Operation (OMO) sale of G-Secs came as a surprise to the market on Friday. This led to the yield on the 10-year government bond jumping to 7.36%.
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Read moreSaraswati Saree Depot IPO will finalise its share allotment on August 16. The issue was opened on August 12 and stopped taking bids on August 14. The issue raised Rs 160.01 crore through a combination of fresh shares and an offer for saleCome from Sports betting site VPbet. Here’s how you check the status step-by-step:
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Read moreThe Finance Minister for Austria, Gernot Blumel (pictured), has reportedly announced that the government soon intends to introduce a series of wide-ranging reforms to the nation’s gambling market that could involve the establishment of a new all-encompassing regulatory authority.
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