Page 16 - Street Signs
Centre plans 20% block sale in NBCC
The government is planning to sell 20 per cent stake in National Buildings Construction Corporation (NBCC) at one go through the offer for sale (OFS) route, say people in the know. The share sale, worth Rs 2,300 crore at current prices, would be one of the largest OFS ever. The Centre, which currently owns 90 per cent stake in the real estate developer, is in the process of appointing investment bankers for the issue.Sebi withdraws review petition in Roofit caseMarket regulator Securities and Exchange Board of India (Sebi), which had asked for a review of the Supreme Court's decision in the matter of Roofit Industries, has withdrawn its appeal, say sources. Instead, the regulator is planning to write to the central government to change the provisions of its securities laws that deals with the quantum of penalty that the regulator can impose. In the Roofit matter, SC had ruled that neither Sebi nor Securities Appellate Tribunal could use their discretion while imposing penalties, after
 "Centre plans 20% block sale in NBCC")
I-bankers scrum over fees
With several marquee deals up for grabs, investment bankers are again undercutting each other
 "I-bankers scrum over fees")
New financial year, old story
Despite the changes in department of disinvestment and its rechristening to the department of investment and public asset management, things haven't changed much
Ujjivan, Thyrocare IPOs command a premium in grey market
Ujjivan, which is coming out with a Rs 882-crore IPO, is trading at a premium of Rs 40-45 a share in the grey market
 "Ujjivan, Thyrocare IPOs command a premium in grey market")
Cement stocks catch investors' attention
Analysts say many investors have turned bullish on these stocks after a surge in demand for cement in Andhra Pradesh and Telangana
Sebi warns MFs on bailing out group companies
Recently, there were strong rumours that a leading bank had sold some of its lower-rated papers to its mutual fund arm
 "Sebi warns MFs on bailing out group companies")
Will JSPL repay bondholders in April?
With another tranche of JSPL bonds amounting to Rs 300 crore coming for redemption on April 4, fund houses are worried whether they will get repaid
 "Will JSPL repay bondholders in April?")
Big-ticket divestment in the offing
Market players say the government is likely to attempt, at least, one big-ticket sale this month
 "Big-ticket divestment in the offing")
