Muthoot Finance IPO
And with the Kerala-based Muthoot Finance price band of Rs. 160-175 per share initial public offering (IPO) scheduled to open on April 18. The company plans to raise Rs. 900 billion rupees from this issue.
Bidding for the stake sale will close on 51500000 shares on April 21, retail shareholders, while the qualified institutional bidders for it would close the previous day.
ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the issue, while the Bank is HDFC co-manager. IPO last year, and will stand to reduce the share of promoters in the company to 80 per cent from the current 93 per cent.
And will use the capital raised from the IPO to strengthen its capital base to meet the capital requirements in the future, to fund the loans and for general corporate purposes.
IPO proceeds will help to enhance the ratio of the adequacy of our capital, which is 15 per cent in November, “said the President, George Muthoot MG in the official press meet.
According to the report of the industry IMaCS, working Muthoot Finance 2611 branches in 20 states as of November 30, 2010 while outstanding loans amounted to Rs gold. 12 897 rupees during that period. For a period of eight months ended November 30, 2010, total revenue in Muthoot Rs. 1302 crore and profit after tax stood at Rs. Provided 291 billion rupees during this period, according to the DRHP with market regulator Sebi.
Popular Posts
-
Simbol Swastika resmi digunakan Nazi Jerman sebagai lambang Partai NSDAP pada 7 Agustus 1920, dalam kongres Salzburg. Adolf Hitler sebaga...
-
Madurai, March 15 / Xinhua / Madras High Court allowed the petition of the Iraqi Central Bank is seeking to condone the delay of 118 days to... -
It was built in the year of their undergraduate Emma Watson, the goal of some vicious people in the Harvard Journal of sound during the foot... -
420 420 being in all parts of the world, saying: code, date and time for popular culture cannibus We focus with more positive feelings and a...
-
Description: Developed for children aged 4 to 12, tell me more kids English (language) Full range is based entirely on speech recognition te...
-
Absurdity of Jennifer Aniston: Let me first say something nice about Jennifer Aniston before the garbage to her: She has a beautiful body, i... -
Brad Womack will not reveal who he gives the final rose to in tonight’s season finale of The Bachelor, but the reality TV star does not mind...
-
Cameron White Biography Cameron Leon White (born 18 August 1983 in Bairnsdale, Victoria) is an Australian cricketer. A powerful middle order...
No comments:
Post a Comment