Business - Briefly   

CMC files draft prospectus

MUMBAI, JAN. 31. Tatas controlled CMC Ltd. has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO) to divest the Centre's 26.25 per cent stake in the software firm.

The company plans to offer 39.76 lakh equity shares to the public or private investor and has appointed HSBC Securities and Capital Markets (India) Pvt Ltd and Enam Financial Consultants Pvt Ltd, as lead managers for the offer, CMC said in its Red Herring prospectus. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Key constraints hinder growth of leather sector
• Forex reserves rise by $1.1 billion
• Defexpo to focus on land, naval systems
• RBI revises ECB norms
• IOC Q3 net spurts
• CMC files draft prospectus
• IFCI, PNB merger a `win-win' situation

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu