MUMBAI: Quick Heal Technologies, a security software firm set up by a school dropout, plans to raise Rs 1,000-1,200 crore through an initial public offer, in what could be the first listing of an Indian software products company in nearly one and half decades. Quick Heal has hired three investment banks including JPMorgan as underwriters for the issue, which is expected to hit the market in the third quarter, said sources with direct knowledge of the matter. It has also mandated Jefferies and ICICI Securities as lead managers for the issue.
MUMBAI: The shareholders of BSE today voted for the proposed initial public offer (IPO) of the exchange and are expected to offload at least 10 per cent stake of the total BSE's equity through offer for sale. The exchange held its annual general meeting (AGM) today to seek shareholders' approval for the listing. "The shareholders have voted on the proposed IPO/OFS by the exchange and the results would be out in next three days," sources told PTI.
Tokyo (AFP) - Line, the popular messaging app launched in the aftermath of Japan's earthquake and tsunami, is set for an initial public offering as early as this year, a report said Thursday, after shelving plans for a listing in 2014.
MUMBAI: Gearing up to launch its estimated Rs 1,000-crore initial public offer, Asia's oldest bourse BSE will soon approach capital markets regulator Sebi to file draft prospectus for the much-awaited public issue. A board meeting was held here today to review the progress on the IPO plans and to discuss the draft red herring prospectus (DRHP), which could be filed with Sebi in a few days, sources said. Shares worth over Rs 1,000 crore could be sold in the IPO, which is expected to be entirely an offer for sale (OFS) by existing shareholders.
MUMBAI: Moving a step closer to listing its shares, BSE's shareholders have approval the proposed initial public offer (IPO) of the stock exchange through an offer for sale (OFS). The exchange's shareholders had voted for the listing last week at the Annual General Meeting (AGM), results of which were declared this evening. Approval of initial public offering of equity shares of BSE was "passed unanimously", a notice on the exchange said. The IPO is expected to be entirely an OFS and shareholders have approved the same, according to sources.
MUMBAI: Larsen & Toubro is on the prowl to hire a number of senior executives for leadership roles in its IT services arm L&T Infotech ahead of its planned initial public offer (IPO) this year, industry insiders said.