Ortel Communications is an Odisha-based multi system operator (MSO) and broadband service provider. Ninety per cent of its customer base is Odisha and the rest is in spread across West Bengal, Andhra Pradesh and Chhattisgarh.
The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks and McDonald's.
The Union government has begun the groundwork for a public offer for its Cochin Shipyard Ltd (CSL), the country's largest shipbuilding and repair facility.The plan is for a sale of 33.9 million shares, a third of this being the government's.
Infrastructure major Hindustan Construction Company has deferred plans to list its subsidiary Lavasa Corporation for raising Rs 750 crore through initial public offer to next fiscal, a top company official said.
Kerala based private sector lender Catholic Syrian Bank (CSB) is likely to enter the capital market during the first quarter of the next financial year. Bank's IPO, which will collect at least Rs 300 crore, will be opened during April-June period.
The year 2015 is pegged to the year of initial public offerings (IPOs). However, the first issue of the year has flopped, forcing the issuer to slash the issue price between 10 and 33 per cent and extend the closing date by a week.
To revitalise the primary market, regulator Sebi will soon notify new norms to sell shares through electronic Initial Public Offers (e-IPOs), while manipulators may face stronger action in the new year with tougher norms being finalised for insider