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C&C Construcutions falls 8.9 pc on debut

Monday, Feb 26 (UNI) The new equity of C&C Constructions Ltd, which made its debut on the National Stock Exchange (NSE) today, fell sharply by 8.9 per cent from its issue price of Rs 291.

The company's share on the first day of trading opened at Rs 265 and was at Rs 252 during the intra-day trades. The company has raised Rs 124 crore through the initial public offering (IPO), brokers said.

UNI
Topics: BUSINESS-C

Ok Play India to raise $15mln in overseas markets

New Delhi, Feb 26 (UNI) Plastic products manufacturer OK Play India will raise 15 million dollars in overseas market. The members of the company have accorded to issue Global Depository Receipts (GDRs) in one or more foreign markets. The issue is, however, subject to necessary provisions and approvals. UNI.....

IT People proposes follow-on public offer

New Delhi, Feb 26 (UNI) IT People India Ltd has said it is proposing to make a follow-on Public Offering (FPO) of equity shares at a tune of Rs 45.25 crore through 100 per cent book building process. The FPO has been planned to generate additional resources to meet its expansion needs including investment in technology infrastructure, product enhancement and business expansion, a company statement said. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI and Bombay Stock.....

HOV Services acquires Lason for $148 mln

New Delhi, Feb 26 (UNI) HOV Services, a leading business process outsourcing (BPO) company based in Pune, today said it has acquired US-based Lason, one of the leading providers of BPOs' solutions in the world as its wholly-owned subsidiary for 148 million dollars. The merger will enhance marketing, servicing and delivery footprints to clients worldwide through integration, realignment and cross-selling. Under the agreement, HOV's wholly-owned subsidiary in the US (LLC) will acquire 100 per cent of the outstanding equity securities.....
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