RailTel Corporation’s IPO opens the next day. All you'd like to know


The shares of the company are all set to be listed on the National Stock Exchange and BSE on February 26.(REUTERS)
The shares of the firm are all situation to be listed on the Nationwide Inventory Replace and BSE on February 26.(REUTERS)
  • The voice-owned RailTel’s initial public provide is a proposal on the market of 8,71,53,369 equity shares by the government, out of which 500,000 equity shares will doubtless be reserved for the staff. The final public project will originate for subscription on February 16 and can possess to close on February 18.

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Instances, Fresh Delhi

PUBLISHED ON FEB 15, 2021 03: 36 PM IST

RailTel Corporation of India’s 819 crore initial public provide (IPO) will originate for subscription from Tuesday till February 18. The supplier of broadband telecom and multimedia networks across the country is a ‘Mini Ratna’ (Class-I) Central Public Sector Mission, wholly-owned by the government and below the administrative support watch over of the ministry of railways. The shares of the firm are all situation to be listed on the Nationwide Inventory Replace and BSE on February 26.

Here is all you'd like to learn about RailTel’s IPO:

1. The voice-owned RailTel’s initial public provide is a proposal on the market of 8,71,53,369 equity shares by the government, out of which 500,000 equity shares will doubtless be reserved for the staff.

2. The final public project will originate for subscription on February 16 and can possess to close on February 18. The project will even originate for a day on February 15 for anchor patrons.

3. Merchants can disclose for no no longer as a lot as 155 equity shares and in multiples of 155 thereafter as a lot as 13 a lot.

4. The quota for retail patrons is mounted at 35 per cent, qualified institutional patrons quota is 50 per cent and non-Institutional Merchants section will memoir for 15 per cent

5. The firm after consultations has mounted the value band at 93-94 a portion. In the better sign band, the minimal utility measurement for retail patrons involves 14,570.

6.The most important operate of the IPO is to possess the disinvestment of 8,71,53,369 equity shares held by the government. The government plans to raise Rs. 819 crore by the public provide.

7. For the explanation that IPO is entirely a proposal-for-sale the firm will no longer get any fund from it. The proceeds from the portion sale will lope straight away to the government because it holds a 100 per cent stake in the firm

8. The portion allocation will engage plan round February 23 adopted by unblocking of funds from the Applications Supported by Blocked Amount (ASBA) memoir on February 24. Eligible patrons will collect shares on February 24 or 25.

9. RailTel considers having a sturdy senior administration crew with important industry experience, and a relentless file of enterprise performance and development to be their energy.

10. For the financial year (FY) ending in March 2020, the firm had reported a procure income of 141 crore as in comparison with 135 crore in the outdated FY.

Enter your electronic mail to collect our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


An Adidas logo is seen at the new Futurecraft shoe unveiling event in New York City, New York, U.S. April 6, 2017. REUTERS/Joe Penney(REUTERS)
An Adidas label is viewed at the original Futurecraft shoe unveiling tournament in Fresh York City, Fresh York, U.S. April 6, 2017. REUTERS/Joe Penney(REUTERS)


Adidas plans to promote struggling Reebok label

Reuters, Berlin

PUBLISHED ON FEB 16, 2021 08: 16 PM IST

  • Adidas acknowledged on Tuesday it had decided to originate a formal course of aimed at divesting Reebok as section of a five-year approach it plans to present on March 10, when the firm will even post 2020 outcomes. This is able to presumably well picture Reebok as a discontinued operation from the first quarter of 2021.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Vlad Tenev’s deep understanding of technology has long impressed Robinhood’s partners, though his grasp of the highly regulated brokerage industry has been perceived as foggier REUTERS/Brendan McDermid/Files(REUTERS)
Vlad Tenev’s deep belief of technology has prolonged impressed Robinhood’s partners, though his settle of the extremely regulated brokerage industry has been perceived as foggier REUTERS/Brendan McDermid/Details(REUTERS)


After 'receiving demise threats', Robinhood CEO prepares for political face-off

Bloomberg

PUBLISHED ON FEB 16, 2021 08: 05 PM IST

  • Vlad Tenev, the executive government officer of Robinhood Markets, who became 34 over the weekend, must in a method mute critics across the political spectrum as he seeks to support his Silicon Valley startup no longer off course for a stock itemizing this year.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan.(File Photo / REUTERS)
Cairn India employees work at a storage facility for wrong oil at Mangala oil field at Barmer in the wilderness Indian voice of Rajasthan.(File Suppose / REUTERS)


Britain's Cairn recordsdata case in US to push India to pay $1.2 billion award

Reuters, Fresh Delhi

PUBLISHED ON FEB 16, 2021 07: 43 PM IST

In December, an arbitration physique awarded the British firm damages of better than $1.2 billion, plus passion and charges.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


A Tata sign is seen outside their offices in London, Britain March 30, 2016. (Reuters)
A Tata trace is viewed outdoor their places of work in London, Britain March 30, 2016. (Reuters)


Tata Community to grab majority stake in BigBasket for $1.3 billion: Chronicle

Reuters, Bengaluru

PUBLISHED ON FEB 16, 2021 07: 16 PM IST

Tata's stake will translate into an enterprise value of 135 billion rupees for BigBasket, which is backed by Alibaba, ET Now acknowledged.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Statistics Canada or StatCan stated that real GDP dropped 11.6 per cent in April after a decline of 7.5 per cent in March. (AFP photo)
Statistics Canada or StatCan stated that proper GDP dropped 11.6 per cent in April after a decline of seven.5 per cent in March. (AFP picture)


GDP to be in development territory in December quarter, says picture

PTI, Mumbai

UPDATED ON FEB 16, 2021 07: 16 PM IST

Internal most consumption and government spending might maybe presumably presumably help the economy put up a turnaround at some level of the December quarter and the GDP will develop 0.7 per cent, Icra Rankings acknowledged in a picture on Tuesday.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


The individual had appealed to the Securities Appellate Tribunal (SAT) against the order, mentioning that he had filed a reply on October 15, 2019, which was not considered by Sebi.(PTI file photo)
The actual particular person had appealed to the Securities Appellate Tribunal (SAT) in opposition to the utter, declaring that he had filed a acknowledge on October 15, 2019, which became once no longer regarded as by Sebi.(PTI file picture)


Sebi bars particular particular person from securities marketplace for unfaithful procuring and selling actions

PTI

PUBLISHED ON FEB 16, 2021 06: 44 PM IST

Sebi, in the remaining utter, well-known that preferential fragment of shares of VLFL became once made to indubitably one of the most off-market transferors -- Looklike Alternate Pvt Ltd -- in FY 2013-14. The investigation length became once from August 12, 2014, to July 31, 2015.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


In 2020, the FMCG Industry had a value degrowth of 2 per cent.(Priyanka Parashar/ Mint file photo. Representative image)
In 2020, the FMCG Alternate had a sign degrowth of 2 per cent.(Priyanka Parashar/ Mint file picture. Manual image)


FMCG industry grows 7.3% in Oct-Dec, rural sales up 14.2%, says picture

PTI

PUBLISHED ON FEB 16, 2021 06: 24 PM IST

Colossal producers also bounced wait on with consumption-led development at some level of the quarter, while the limited ones clocked double-digit development amid upward push in consumption, acknowledged the FMCG Snapshot for Q4 2020 launched by NielsenIQ’s Retail Intelligence crew.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Representations of virtual currency Bitcoin are placed on US Dollar banknotes.(REUTERS)
Representations of digital currency Bitcoin are placed on US Greenback banknotes.(REUTERS)


Bitcoin breaks above $50,000 for first time ever

Reuters, London

PUBLISHED ON FEB 16, 2021 06: 13 PM IST

Bitcoin’s ascent has been buoyed by the widening adoption of the cryptocurrency and has risen round 72% thus a ways this year.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


A dealer carries BMW's promotional cushions at a dealer shop in Beijing, China, September 11, 2015.(REUTERS)
A dealer carries BMW's promotional cushions at a dealer shop in Beijing, China, September 11, 2015.(REUTERS)


BMW India launches SportX petrol variant of SUV X3 priced at 56.5 lakh

PTI, Fresh Delhi

PUBLISHED ON FEB 16, 2021 05: 51 PM IST

  • The automobile is geared up with the firm's xDrive, an shiny all-wheel-force procedure that monitors the driving scenario continuously and distributes the engine's energy between the entrance and rear axle precisely to swimsuit the driving scenario and the surface.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Amazon said hundreds of thousands of Fire TV Sticks would be produced annually, helping it to meet demand from Indian customers.REUTERS/Pascal Rossignol/File Photo(REUTERS)
Amazon acknowledged reasonably just a few of hundreds of Fire TV Sticks would be produced yearly, serving to it to fulfill put a query to from Indian customers.REUTERS/Pascal Rossignol/File Suppose(REUTERS)


Amazon to avoid wasting TV streaming tool in India

Reuters, Fresh Delhi

PUBLISHED ON FEB 16, 2021 05: 46 PM IST

The Fire TV Stick will doubtless be made by Foxconn subsidiary Cloud Community Know-how in the southern metropolis of Chennai, marking the first time indubitably one of Amazon's devices will doubtless be manufactured in India.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


The extension of deadline may also mean extra interest burden for home buyers as they will have to continue servicing their home loans for this extended period.(Reuters File Photo)
The extension of closing date might maybe presumably well presumably also furthermore point out additional passion burden for home patrons as they'll possess to proceed servicing their home loans for this prolonged length.(Reuters File Suppose)


Bajaj Housing Finance to present home mortgage digital sanction letter in 10 minutes

ANI

PUBLISHED ON FEB 16, 2021 05: 39 PM IST

The subsidiary of Bajaj Finance Restricted no longer too prolonged previously announced a revision in the approval time for home loans across the board.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


Now that we are all agreed that Tik Tok is A Bad Thing, where do we go next? (Representational Image)(Unsplash)
Now that we're all agreed that Tik Tok is A Atrocious Thing, the build will we lope subsequent? (Representational Image)(Unsplash)


TikTok's US ad industry roars wait on as Trump's threats go

Reuters

PUBLISHED ON FEB 16, 2021 05: 03 PM IST

Whereas the Biden administration pauses a government lawsuit filed by Trump officers, corporate sponsors possess raced wait on to the appreciated immediate video sharing app, reserving promoting campaigns and experimenting with original methods to succeed in patrons

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


At the same time, the government will support the employment of Singaporeans and the deepening of their capabilities while promoting the transfer of capabilities from foreigners to locals(Bloomberg Photo)
At the identical time, the government will toughen the employment of Singaporeans and the deepening of their capabilities while promoting the switch of capabilities from foreigners to locals(Bloomberg Suppose)


Singapore reduces foreign workers quota in manufacturing sector

PTI, Singapore

PUBLISHED ON FEB 16, 2021 04: 28 PM IST

The manufacturing sector employs about 450,000 workers, or about 12 per cent of the group, with median wages about 10 per cent better than the economy-huge median. From January 1 subsequent year, the manufacturing sector can possess handiest as a lot as 18 per cent of their group be foreign workers on S Passes

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


FILE PHOTO: FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo/File Photo(REUTERS)
FILE PHOTO: FILE PHOTO: Pump jacks characteristic in entrance of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Prick Oxford/File Suppose/File Suppose(REUTERS)


Oil holds arrive $60 in Fresh York as energy disaster hits US present

Bloomberg

PUBLISHED ON FEB 16, 2021 04: 16 PM IST

As mighty as 1.7 million barrels a day of oil output has halted and deliveries through pipeline suspended as freezing climate cripples Texas’s energy procedure and blackouts unfold to assorted states in the central U.S. Vitality Aspects Ltd. acknowledged 3 million barrels a day of processing capability is doubtless to be off-line.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude


The CB350RS will be available across the 'Big Wing' network, the company's retail outlet for premium bike.(@adiljal/Twitter)
The CB350RS will doubtless be available across the 'Mammoth Waft' community, the firm's retail outlet for top class bike.(@adiljal/Twitter)


Honda makes global premiere of CB350RS bike; priced at 1.96 lakh

PTI, Fresh Delhi

PUBLISHED ON FEB 16, 2021 03: 52 PM IST

The CB350RS is the 2nd original introduction of Honda's CB household of bikes, which is 'Made in India for the World'.

Enter your electronic mail to collect our each day newsletter on your inbox

Fetch our each day newsletter on your inbox

Thank you for subscribing to our each day newsletter.

Conclude

Fable Saved

Learn Extra

Website Designed & SEO done by KV TechMedia - Web Design Company Uttar Pradesh, India
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram