Downgrade Warning
S&P affirms negative outlook on India, says chances of downgrade remain
Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
REUTERS SHOWCASE
Revitalising China
China president takes charge of sweeping economic reform plans - sources. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
PC Jeweller to raise up to $111 million from IPO
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
REUTERS - Jewellery retailer PC Jeweller Ltd plans to raise up to $111 million through an initial public offering opening (IPO) on December 10.
PC Jeweller said it would offer 45.1 million shares, or about a quarter of its equity capital, in the IPO. It set a price band of between 125 rupees and 135 rupees a share.
At the upper end of the price band, the issue will raise 6.09 billion rupees, and 5.64 billion rupees at the lower end.
The company has reserved 358,500 shares for its employees, and will give a discount of 5 rupees a share to employees and retail investors, it said in a statement.
SBI Capital Markets Ltd and Kotak Mahindra Capital Co Ltd are the lead advisers for the share sale, which closes on December 12.
(Reporting by Devidutta Tripathy; Editing by Anand Basu)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters