The Indian TelePhone Industry pulls back its FPO on fifth Feb, because of the FPO undersubscribed. The ITI FPO worth of Rs 1,400 cr undersubscribed after the expansion of the membership time frame multiple times too.
By the consummation of the membership time frame, the issue bought in for 62% and it got offers for about 11.25 cr eq shares. Yet, the FPO gave 18.18 cr of eq shares.
The Indian Phone Enterprises shares raised at Rs 84.15 with an increase of 4.53%. The organization pulled back its post-advertise hours refering to beat economic situations, said by the promotors. The Bounce Capital Markets, Karvy Investor Services, and Punjab National Bank Venture Administrations go about as advertisers for the organization.
The Indian TelePhone Enterprises marked down the value band for its FPO to plans to raise around Rs 1,400 cr on 28th Jan. Additionally, the organization stretched out its membership period to 3 days to Jan 31. The organization scaled down its value band from Rs 72-Rs 77 to Rs 71-Rs 77 for each eq share.
Because of the Indian bank division strike, the membership time frame again stretches out to an additional 5 days. As of late, the ITI pronounced, it intends to put worth of Rs 150 cr in its sun oriented board producing ability to 90MW by the following monetary year.
Comments
Post a Comment