Govt to kick-off divestment plan this year with SJVN IPO: "Mumbai: The government will kick off its divestment plans this financial year with SJVN Ltd, a mini-ratna Category 1 public sector undertaking which will be tapping the capital market on April 29.
SJVN will make an initial public offering of 415,000,000 equity shares of Rs 10 each for cash through an offer for sale by the government.
The price-band for the issue has been fixed between Rs 23 and Rs 26 per equity share. Retail investors and employees will get a five per cent discount on equity, SJVN's chairman and managing director, H K Sharma, said."
Tuesday, April 27, 2010
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