09.06.06

Gold Souk IPO in 2007

Posted in Review, News, India, investment, IPO at 8:41 am by Mridul

Gold Souk IPO in 2007

NEW DELHI: Bullish on jewellery consumption in the country, Aerens Gold Souk, a jewellery mall under the Aerens group, is planning to come out with an IPO next year. The company is also negotiating with US and UK-based real estate funds, and hopes to finalise talks by the end of this fiscal, Aerens Gold Souk International director Ashish Gupta said. “As per our vision plan, we require $4 billion (about Rs 18,000 crore) for expanding our business. For funding of such magnitude we are looking at an IPO,” he said. Besides the IPO and real estate funds, the company is also exploring other sources for raising funds, including promoters’ contribution, private equity funding, debt, etc.

08.17.06

Varun Shipping to raise Rs 2,500 crore in the market

Posted in News, India, investment, share market, IPO at 12:47 am by Mridul

Varun Shipping to raise Rs 2,500 crore in the market

Varun Shipping said on Monday its board had approved raising Rs 2,500 crore through an issue of securities from the domestic and overseas markets. The board also decided to raise the limit of foreign institutional investor holding to 49%, the company said in a statement.