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Popular Articles

European Commission objects to $7.4 bn Sun-Oracle deal
The European Commission (EC) has objected to Oracle Corp"s proposed $7.4 billion acquisition of Sun Microsystems, saying that the deal could threat competition in the market.

JSW Energy fixes issue price for at Rs 100
Private sector power producer JSW Energy has fixed the issue price of its public offer at Rs 100 per share, at the lower end of its price band.

News of the day

Wipro gets land for second campus in West Bengal
Software major Wipro today accepted a 50-acre plot at Rajarhat near here for its second campus, two months after Chief Minister Buddhadeb Bhattacharjee stepped in to assure alternative land after scrapping the controversial Kolkata Links IT Township project.
Corporate

Indiabulls Power raises Rs 316cr from anchor investors

The initial share sale offer of Indiabulls Power attracted five anchor investors, raising over Rs 316.46 crore, before the slated opening of the issue on Monday. The investors include Halbis, Nomura, Norges, GLG and Tosca who subscribed to shares of the company at the upper end of the price band, according to sources. The proceeds of the IPO would be utilised to part finance the construction and development of the 1,320 MW Amravati Power Project Phase-I, to part finance the construction and development of the 1,335 MW Nashik Power Project, apart from general corporate purposes, the company said.


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