Business Opportunities

Ackruti City QIP to open on Sept 3

Ackruti City will open the qualified institutional placement (QIP) issue to the qualified institutional buyers (QIBs) on September 3. This will be in respect of issue of equity shares of face value of Rs 10 each of the company. - Govt hands over Maytas Infra to IL&FS - "IPO market should be active in near term" - HDFC raises Rs 4.3k cr in warrants, NCDs - Jaiprakash Hydro to raise up to Rs 1,500 cr to fund project - Fin players hasten to raise funds - HCL Infosystems board fund raising plan In a filing to the Bombay Stock Exchange(BSE), the company said that the shares will be offered at Rs 500.60 per share. The shares of the company was trading at Rs 561.80 up 3.99 per cent from the previous close on BSE.


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Japanese peace treaty
Japanese firms may be very competitive but they also understand the virtues of collaboration. At a recent press conference by Sony, the company’s managing director started his presentation by pointing out that both Sony and Nikon were supposed to have press conferences at the same time. “But we realised many of you cannot be at the same place at the same time … Since the MD of Nikon is a very good friend of mine, we sat down and found a way out. They have shifted the conference to an hour and a half after ours. So you can attend this presentation in peace, ask questions, and then head for the Nikon conference.” Nikon, for its part, arranged coaches to facilitate the transit.
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