Suzlon extends deal with US firm PPM Energy
Suzlon Energy Ltd on Friday said that its U.S. - based unit has extended a contract with U.S.' PPM Energy to deliver an additional 300 megawatt of wind turbine capacity.
According to the existing pact, Suzlon Wind Energy Corporation was to deliver 400 MW of wind turbine capacity by 2009 to PPM Energy, but will now include the additional 300 MW capacity, Suzlon Energy said in a statement.
Friday, June 29, 2007
Sun TV Board recommends final dividend
Sun TV Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has recommended a Final Dividend at the rate of 20% of the face value of Rs 5/- each on the expanded capital after bonus issue for the financial year ended March 31, 2007.
Sun TV Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 28, 2007, inter alia, has recommended a Final Dividend at the rate of 20% of the face value of Rs 5/- each on the expanded capital after bonus issue for the financial year ended March 31, 2007.
Tuesday, June 12, 2007
DLF IPO fully subscribed
The mega initial public offer of realty giant DLF, through which the developer is expecting to garner Rs 9,625 crore, on Tuesday got fully subscribed.
The IPO got subscribed 1.04 times on its second day of offer, receiving 18.27 crore bids for 17.5 crore equity shares on offer, latest data available on the stock exchanges shows. Besides, 23,13,020 bids were received at cut-off price, the data shows.
The issue had received bids for 78 per cent shares on Monday, when the IPO opened for subscription.
The Qualified Institutional Buyers portion constituting of foreign institutional investors, domestic financial institutions and mutual funds was subscribed 1.28 times the shares reserved for them on the first day itself.
DLF, which is offering 17.5 crore equity shares through 100 per cent book-building process, has fixed the price band at Rs 500-550 per share. The mega issue would make it among the 10 largest firms on the bourses with a value of Rs 93,700 crore on the up per band.
The issue would close on June 14. It would constitute 10.27 per cent of the fully diluted post-issue capital of the company.
The mega initial public offer of realty giant DLF, through which the developer is expecting to garner Rs 9,625 crore, on Tuesday got fully subscribed.
The IPO got subscribed 1.04 times on its second day of offer, receiving 18.27 crore bids for 17.5 crore equity shares on offer, latest data available on the stock exchanges shows. Besides, 23,13,020 bids were received at cut-off price, the data shows.
The issue had received bids for 78 per cent shares on Monday, when the IPO opened for subscription.
The Qualified Institutional Buyers portion constituting of foreign institutional investors, domestic financial institutions and mutual funds was subscribed 1.28 times the shares reserved for them on the first day itself.
DLF, which is offering 17.5 crore equity shares through 100 per cent book-building process, has fixed the price band at Rs 500-550 per share. The mega issue would make it among the 10 largest firms on the bourses with a value of Rs 93,700 crore on the up per band.
The issue would close on June 14. It would constitute 10.27 per cent of the fully diluted post-issue capital of the company.
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