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Showing posts from March, 2015

Maharashtra CM’s wife Smt. Amruta Fadnavis visits Global Champs pre-school in Dharavi on Ram Navami

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Mrs. Fadnavis & Ms. Divija grace the 1st Annual Day function of the Global Champs preschool center Mrs. Fadnavis to urge Maharashtra CM to encourage more preschools like Global Champs in economically backward areas of the City ‘Global Champs’ pre-school caters to children of lower income groups, primarily in Dharavi slums Mrs. Amruta Fadnavis (second from right), Ms. Divija Fadnavis (second from left)  cut the ribbon at Dharavi's Global Champs school by Tree House Foundation along with Mr. Rajesh Bhatia (extreme right), MD, Tree House, on Ram Navami day in Dharavi Mumbai Mumbai, Sunday, March 29, 2015: On the auspicious occasion of Ram Navami, Smt Amruta Fadnavis (wife of Maharashtra Chief Minister) along with daughter Divija graced the Annual Day function of Global Champs preschool at Dharavi. Present on the occasion were Mr. Rajesh Bhatia (MD, Tree House Education & Accessories Ltd.), Mrs. Geeta Bhatia (Director, Tree House Education) and Mr. Sanjay Kulkarni (Chairman, Tree …

Adlabs Entertainment Limited raises Rs 60 crore from anchor investors for its IPO

AEL  allots 27.22 lakh Equity Shares to IPO anchor investors Daiwa India Stock Active Mother Fund, HDFC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60 crore

Public Issue opens March 10, 2015 Price Band fixed from Rs. 221 to Rs. 230 per Equity Share Discount of Rs. 12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders
Mumbai, March 10, 2015: Adlabs Entertainment Limited (the “Company” or the “Issuer”) has finalised allocation of 27,22,135 Equity Shares to Anchor Investors Daiwa India Stock Active Mother Fund, HDTC Infrastructure Fund, Axis Mutual Fund, L&T Mutual Fund and IL&FS Trust Co (Forefront Alternative Equity Scheme) at Rs. 221 per Equity Share aggregating to Rs. 60.16 crore.
The Company allocated 521,495 Equity Shares (19.16% of Anchor portion) to Japan Trustee Services Bank Ltd. A/C Japan Trustee Services Bank Ltd. STB Daiwa …

GJF hails Union Budget and gold related initiatives,seeks more support for Make in India related gems & jewellery initiatives

Urges Govt. to reduce gold import duties to curb black money economyGST regime welcomed but high service taxes, cess will negatively impact jewellery salesFine print awaited; implementation holds the key to gold monetisation schemeUrges Govt. to allow only jewellers; not banks to be allowed to sell Ashoka Chakra gold coins or as investment proposition to consumers to prevent rise in CADMore Make in India measures needed for manufacturing & jewellery hub
Mumbai, March 3, 2015: The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, has hailed the Union Budget FY2016 presented by Finance Minister Shri Arun Jaitley as progressive growth oriented long term economic blueprint. GJF praised the ‘change in attitude’ of the new Government which has progressively stimulated several positive changes in policy such as abolition of 80:20 Rule;…

Adlabs Entertainment Limited Public Issue opens March 10, 2015

Price Band fixed from Rs. 221 to Rs. 230 per Equity Share Discount of Rs. 12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders
Mumbai, March 2, 2015: Adlabs Entertainment Limited (the “Company” or the “Issuer”) proposes to open on March 10, 2015, a public issue of up to 20,326,227 equity shares of face value of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 221 to Rs. 230 per Equity Share. The promoters are Mr. Manmohan Shetty and Thrill Park Limited. The Issue comprises a fresh issue of 18,326,227 Equity Shares (the “Fresh Issue”) and an Offer for Sale of 2,000,000 Equity Shares (“Offer For Sale”) by Thrill Park Limited (the “Selling Shareholder”). The Bid/ Issue closes on March 12, 2015. The minimum Bid lot is 65 Equity Shares and in multiples of 65 Equity Shares thereafter. The Issue constitutes 25.44% of the Post-Issue paid-up Equity Share Capital of the Company. The Company in consu…

Axis Mutual, ICICI Pru Life invest Rs 46.29 cror in Ortel Communications IPO; Public Issue opens today

Price Band fixed from Rs. 181 to Rs. 200 per Equity Share
Mumbai, March 3, 2015: Ortel Communications Limited (the “Company” or the “Issuer”) proposes to open today, a public issue of up to 12 million equity shares of face value of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 181 to Rs. 200 per Equity Share. The Issue comprises a fresh issue to the public of up to 6 million Equity Shares (the “Fresh Issue”) and an Offer for Sale of up to 6 million Equity Shares (“Offer For Sale”) by NSR-PE Mauritius LLC (the “Selling Shareholder”). The Bid/ Issue closes on March 5, 2015. The minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter. The Issue constitutes 39.25% of the fully diluted Post-Issue Paid up Equity Share Capital of the Company.
The Company and the Selling Shareholder may, in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investo…