TCS files draft prospectus for IPO 5.5 crore shares on offer; face value at Re 1; provision of greenshoe option
TATA Consultancy Services (TCS) has finally filed its draft prospectus for initial public offer (IPO) with the Securities and Exchange Board of India (SEBI). The red herring prospectus was submitted to the market regulator late Thursday ...
May spur shuffle in other IT stocks
WHAT happens when India's largest information technology company goes public? According to some, the Tata Consultancy Services' (TCS) initial public offer of equity would start a major portfolio reshuffle by investors. "It would obviously lead ...
IHCL intends to divest TCS shares
THE Indian Hotels Company Ltd (IHCL) intends to divest up to two lakh equity shares of Re 1 held by it in Tata Consultancy Services (TCS) Ltd as part of the proposed initial public offering of equity shares of TCS Ltd. According to a notice ...
RBI says no to HSBC buying second tranche of 5.46 pc in UTI Bank
THE Reserve Bank of India has shot down HSBC's attempt to purchase a second tranche of 5.46 per cent in UTI Bank. HSBC had applied for acquiring 20.08 per cent in UTI Bank, of which only the first tranche of 14.62 per cent of the deal ...
Slump in stock prices prompts promoters to pick up shares
THE recent fall in stock prices may have kept a large number of investors away from the market, but promoters and directors of several companies are using the slump to acquire their company's shares from the open market. In the last couple of ...
Kashmir link project Rlys to move coaches from Chennai by air
A TRAIN travelling by air? Indian Railways is set to create another first in the rail history of the country by seeking to airlift passenger coaches from Chennai to Srinagar to begin commuter services in the Kashmir Valley. The Valley part of ...
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