Thursday, 14 December 2017
Money Maker Research Pvt. Ltd.(Investment Advisor), Top Stock Advisory: Shalby Shares to list shares tomorrow
Money Maker Research Pvt. Ltd.(Investment Advisor), Top Stock Advisory: Shalby Shares to list shares tomorrow: Multi-specialty hospital chain Shalby Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE and BSE exchang...
Shalby Shares to list shares tomorrow
Multi-specialty hospital chain Shalby
Limited, which just concluded its Rs 504.00 crore IPO, will list its shares on NSE
and BSE exchanges tomorrow, 15 December 2017. The initial offer, which opened
for subscription from Dec 5 to 7, was subscribed 2.8 times at a price band of
Rs 245 - 248 per share. The portion reserved
for qualified institutional buyers (QIBs) were subscribed 4.47 times, HNI 43%,
retail investors 2.97 times and employees 1.43 times. The IPO included a fresh
issue of shares aggregating up to Rs. 480 crore and an offer for sale of up to
10.00 lakh equities.
M&M heads higher after unit sells part stake in CIE Automotive
Shares of Mahindra & Mahindra
(M&M) rose 0.88 percent to Rs 1,425 at mid noon hours on BSE after the
company said that its wholly owned subsidiary MOICML (Mahindra Overseas
Investment Company-Mauritius) on 13 Dec 2017, sold 64.50 lakh shares,
representing 5 percent of the share capital of CIE Automotive S.A. The average
gross price was Euro 23.50/ share. The deal totaled Euro 151.58 million. Following
the sale, MOICML's shareholding in CIE Automotive-SA would come down to 7.44%
of its share capital. The transaction will facilitate diversification of
investor base of CIE Automotive S.A.
Mahindra & Mahindra's net profit
rose 24.8% to Rs 1,331.57 crore on 14 percent rise in net sales to Rs. 12,182.07
crore in Q2 Sept 2017 Year-on-Year. Mahindra
& Mahindra enjoys a leadership position in tractors and utility vehicles in
India.
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