Manappuram Finance Ltd, a leading gold loan lender, has come out with another public issue of secured, redeemable, non-convertible debentures aggregating to Rs 100 crore to finance capital expenditure.
Five companies halted plans to sell shares on Monday after China's securities regulator moved to tighten restrictions on new listings, the latest sign of challenges as the mainland seeks to reopen its stock markets to new offerings after a yearlong ban.
The two Chinese companies that will kick off a new season of initial public offerings (IPOs) in China are set to attract strong investor interest, a good omen for dozens of others lined up to tap stock markets in January after a year-long hiatus.
As we head into 2014, here is a new year resolution our financial sector regulators would do well, do adopt: shun intuition in making regulations, and instead, focus on behavioural science and empirical cost-benefit analysis.
The long-awaited move is a boon to the nearly 750 companies whose IPO applications are pending with the regulator but will bring trepidation to equity investors, who fear that new listings will siphon off demand from existing shares.
In their advertisements to attract investors to public offers, companies can be more creative and innovative as long as they are not misleading and contain necessary disclosures of associated risks and other facts, Sebi chief U K Sinha feels.
Twitter's IPO with shares closing 73% higher than the set range sent the company's valuation soaring to 24.4 billion dollars, however, after the first day frenzy, the microblogging site's shares sank down by 3%.