Reliance Power Bonus Issue

Reliance power shareholders , they informed today that they will give 3 bonus shares for 5 shares already holded in reliance power .

HDFC Bk, CBoP Boards okay swap ratio of 1:29

The Boards of both banks, HDFC and Centurion Bank of Punjab have okayed a swap ratio of 1 share of HDFC Bank for every 29 shares of CboP, reports CNBC-TV18.

The merger ratio has come in favour of HDFC Bank at current market price.

HDFC Bank will make a preferential issue to HDFC after the merger to maintain 23.28% stake. The merger values CBoP at Rs 50.80 per share and current market price at Rs 56.35.

Future Ventures files DRHP for IPO

Kishore Biyani-promoted Future Group company, Future Ventures, The company plans to

373.62 crore equity shares

Rs 10 each equity shares

2,660,750,000 issue to the public
50,000,000 equity shares for eligible employees
250,000,000 equity shares for eligible shareholders
100 % book building process.

The net issue would constitute 66.52 % of the post issue paid up capital of the company, it added.

REC IPO 23.69 times in retail

REC IPO Finally got subscribed by almost 23.69 times. will update when i get the information.
The net issue to the public is for 15.22 crore shares, constituting 18.18 per cent of the fully diluted post-issue capital of the PSU power major. The issue closes today.
Post issue, the government’s holding in the company will fall to 81.00% from 100 % at present.

CBoP merger talks with HDFC Bank

Centurion Bank of Punjab (CBoP) bank talks with some major banks for merging.HDFC is strong player for buying CBoP.

In past Centurion Bank merge with Bank of Punjab.And now find big banks for merging.
Today stock surge 14% on this news.

Centurion Bank of Punjab's major shareholders include Bank of Muscat, HSBC Finance, Saber Capital. Bank of Muscat hold the maximum equity of 14 per cent in the bank.

REC issue is subscribed 2.13 times

Issue Period: February 19, 2008 to February 22, 2008
Issue Size : 156,120,000 EQUITY SHARES
Face Value: Rs. 10/-
Price Range: Rs 90 to Rs 105
Market Lot: 60 shares
Minimum Order Quantity: 60 shares

Reliance Power Board to consider issuing free Bonus Shares

Reliance Power's IPO closed on January 18, 2008, receiving an overwhelming and record breaking response, with commitments of nearly Rs 7,50,000 crore (US$ 190 billion), from nearly 500 institutional investors across the globe, and 5 million retail investors. The sheer scale and unprecedented magnitude of the response clearly reflected the pricing of the IPO as being in line with prevailing valuation benchmarks and market sentiments.

Reliance Power has the world's largest shareholder family of nearly 500 overseas and domestic institutional investors, and over 4 million retail investors.

Reliance Power has a market capitalization of Rs 87,000 crores (US$ 22 billion) - among India's 10 most valuable private sector Companies, and a net worth of nearly Rs 14,000 crore (over US$ 3.5 billion) - among the top 5 private sector Companies in India on this parameter.

Reliance Power is implementing power projects with aggregate capacity of over 28,000 MW, by far the largest development pipeline in the country.