Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

PSEB to issue LoI for Rajpura Project
After receiving encouraging response from private players in developing a 1,320 Mega Watt Rajpura Thermal Power Project, the Punjab State Electricity Board is expecting to issue a Letter of Intent (LoI) to the successful bidder for this project by the end of this month.

Industries seek redressal of land issue
Protracted problems in land acquisition, availability of raw-material, supply of power and water are among others causing inordinate delay in implementation of various projects in the state.

News of the day

Tata Motors resolves compensation issues with vendors
Tata Motors today said it has sorted out differences with vendors regarding the compensation issues arising out of its decision to shift the Nano plant from Singur.
Corporate

Glenmark plans to raise Rs 300-350 cr through QIP

Drug firm Glenmark Pharmaceuticals is planning to raise around Rs 300-350 crore through issue of shares to qualified institutional buyers on a private placement basis. - Ackruti City raises Rs 302 cr through QIP issue - Glenmark"s drug fails clinical trials - Glenmark faces patent infringement case in US - Glenmark confirms Smithkline's lawsuit in US - S Kumars Nationwide shareholders okays QIP issue - Glenmark gets US nod for ointment The committee of directors (of the board) has decided to allot equity shares to qualified institutional buyers, Glenmark today said in a filing to the Bombay Stock Exchange. The issue opened on Thursday and closed this morning. According to market sources, the company plans to issue shares priced at Rs 221 per share on a qualified institutional placement basis and is going to raise Rs 300-350 crore through the issue. The proceeds from the issue will be used for covering the company"s debt. At present, the debt-equity ratio stands at 1.3: 1, with a total liability of around Rs 1,950 crore. When contacted, the company spokesperson declined to comment.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009