Prataap Snacks in spotlight ahead of listing

Shares of Prataap Snacks will be listed on the bourses today, 5 October 2017. The issue price has been fixed at Rs 938 per share, the upper end of the Rs 930-938 per share price band. The initial public offer (IPO) of Prataap Snacks received spectacular response from investors. The IPO was oversubscribed 47.39 times.

Wipro announced that it has signed a definitive agreement to acquire Cooper, an award-winning design and business strategy consultancy. Cooper will become part of Designit, Wipro Digital's strategic design arm, further strengthening its design and innovation capabilities, expanding its reach in North America and adding capabilities in professional design education. The acquisition is subject to customary closing conditions and is expected to be closed in the third quarter of fiscal 2017-18. The announcement was made before market hours today, 5 October 2017.

ICICI Bank said that the committee of executive directors of the bank approved the allotment of 4,750 Basel III compliant unsecured subordinated perpetual additional Tier 1 bonds aggregating Rs 475 crore on private placement basis. The notes carry a coupon of 8.55% per annum payable annually and were issued at par. The announcement was made after market hours yesterday, 4 October 2017.

NMDC said that it has reduced prices of lump iron ore and fine iron ore by Rs 100 each to Rs 2,300 per ton and Rs 2,060 per ton respectively, with effect from 5 October 2017. The announcement was made after market hours yesterday, 4 October 2017.

ONGC said that ONGC Videsh, a wholly-owned subsidiary of the company, has completed the acquisition of 30% participating interest (PI) in Petroleum Exploration License 0037 offshore Namibia from Tullow Namibia, a wholly owned subsidiary of Tullow Oil Plc. Tullow with remaining 35% participating interest shall continue to remain the operator of the license. Pancontinental Namibia (Pty) with 30% participating interest and Paragon Oil and Gas with 5% participating interest are other partners in the license. The announcement was made after market hours yesterday, 4 October 2017.

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