A committee to suggest rules for direct equity listing at India s international financial centre (IFSC) in GIFT city has recommended depositories in the IFSC and the rest of the county be connected to enable this.
The company may look to raise Rs 5000 crore ($600.6 million) to Rs 10,000 crore through the issue and may tap the market in the last quarter of this financial year, the bankers added.
After imposing a ban on non-basmati white rice exports in June to stabilize domestic prices, India set a floor price, or minimum export price (MEP), of $1,200 a ton for overseas sales of basmati in August. However, as the floor price hampered exports of the premium variety and saddled farmers with large stocks of new-season rice, the government last month cut the floor price for basmati exports to $950 per ton.
Berger Paints India on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.
Berger Paints India on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.