Entries Tagged 'FPO' ↓

Leading Housing Finance Company of India,LIC Housing Finance is planning to raise Rs 500 crore through an FPO (Follow on Public Issue).

The management of LIC Housing Finance in an news release has confirmed this Follow on Public issue and they have also said that the company is planning Private Placement ahead of the FPO.

The company is in talks with the promoters of the company to dilute the share capital.

Shares of LIC Housing Finance today closed at Rs 226.45 up 4.5% on the NSE.

Bombay Rayon Fashions to fund its furhter expansion plans is planning to raise funds from a followon public offer. According to
the market sources the issue would be in the range of Rs 450  to 500 Crore.

About 70% of the funds raised through the secondary issue and other sources would be used for augmenting capacities in Leela Scottish Lace, the erstwhile garments business of Leela Ventures, which was acquired by Bombay Rayon for Rs 155 crore in July.