Page 11 - Listing

Best of BS Opinion: No space for SPACs, NSE trading outage, and more

Here's a selection of Business Standard opinion pieces for the day

Vedanta Resources raises $1.2 bn ahead of open offer for Indian listed unit

Vedanta Resources on Friday said it has raised USD 1.2 billion in a bond offering that saw strong investor interest. The 8.95 per cent bonds due for March 2025 "will be guaranteed by the company and two wholly-owned indirect subsidiaries of the company, namely Twin Star Holding Ltd and Welter Trading Limited," it said in a statement. Vedanta said it will use the proceeds of the bonds for the acquisition of equity shares of the Indian subsidiary as well as servicing existing debt. The company is looking to buy as many as 37.17 crore or 10 per cent of its India unit, at Rs 160 per share. At that price, the total consideration of the deal would be about Rs 5,948 crore (USD 814 million). Vedanta Resources Finance II Plc, a subsidiary of London-based Vedanta Resources, had gone to the market for raising USD 1 billion. It got USD 2.6 billion in offers from about 150 accounts, representing the largest oversubscription on a recent US dollar bond offering by the company, banking sources ..

RailTel: Analysts expect shares to list at 16-18% premium over issue price

The IPO by RailTel Corporation had witnessed a robust response from market participants and was subscribed 42 times

SMC Global Securities lists equity shares on NSE, BSE: Details here

"The shares got listed at Rs 90.90 on NSE and Rs 91.60 on BSE," SMC Global Securities said in a release

Brookfield India REIT sees tepid listing, debuts at Rs 279 per share

The initial public offer by Brookfield REIT got subscribed 8 times on the final day of subscription

Home First Finance lists at 19% premium over issue price of Rs 518

The Rs 1,154 crore initial public offer (IPO) by the firm that ran between January 21-January 25 was subscribed 27 times

Antony Waste: Analysts expect stock to list at 31-38% premium to IPO price

Antony Waste is the second-largest player in the domestic municipal solid waste (MSW) management sector with a market share of around 9 per cent as of FY20.

Govt may keep China, Hong Kong out of foreign listing as tensions simmer

The move is in contrast to what an expert committee of Sebi had recommended in 2018 for China and Hong Kong to be permitted

Equitas, Ujjivan small finance banks: Long-standing demand may soon be met

Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks

Best of BS Opinion: Brace for return migration, overseas listing, and more

Here's a selection of Business Standard opinion pieces for the day

Easier overseas listing

Move will remove a major bottleneck for start-ups, MSMEs

Top headlines: Govt staff to get more pay, Tata chases e-commerce deals

From Tata eyeing stake in e-commerce firms to bolster retail segment to World Bank declaring Covid as a catastrophe, Business Standard Brings you top news of the evening

India's secondary listing plan would be undue burden: Paytm executive

Companies like Google that vie against Paytm in the digital payments space have no such obligation, noted Deora.

May take Max Healthcare brand out of Delhi-NCR, says CMD Abhay Soi

Max Healthcare, the country's second-largest hospital chain in terms of revenues, is all set for a listing on the bourses this month

We don't have any plans for listing: Bajaj Allianz Life Insurance MD & CEO

We are disclosing as much and sometimes more than what the listed companies are disclosing

Arvind Fashions shares end at Rs 620 after hitting 5% upper limit

Arvind Fashion is the branded apparel division of Arvind Ltd. The company was demerged in Nov 29, 2018, after Arvind shareholders were issued one share of Arvind Fashions for every five shares held