Shares of Man Infraconstruction will be listed on the bourses today, 11 March 2010. The company had priced its initial public offer at Rs 252 a share, at the top end of the Rs 243-252 price band. The shares of the company will list on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Mahindra & Mahindra is reported to be in talks with Sonalika group to pick up a stake in the unlisted firm's unit which makes sports utility vehicles.
Wilbur Ross, Goldman Sachs and Dubai's Ishtithmar could reportedly raise their stake in low-cost carrier Spicejet to 40% as they are likely convert their debt holdings in the firm to equity.
State Bank of India will reportedly issue Rs 50 - Rs 100 crore of floating retail bonds in the financial year that begins 1 April 2010.
Kirloskar Pneumatic Company has received an order worth Rs 118 crore for supply of refrigeration compressor package from Jindal Steel & Power. With this, the total order book of the company's ACH & process gas division stands at Rs 460 crore, it said in a statement to the Bombay Stock Exchange. The project is to be executed within 15 months, it added.
Videocon Industries' board approved issuing two shares for every nine held on a rights basis at Rs 225 each.
Gammon India has been awarded a Rs 632 crore project by Delhi Tourism and Transportation Development Corporation. The project is to construct a bridge and approaches over river Yamuna, it said in a statement.
Simplex Projects signed a contract to build a multi-level car parking facility in Guwahati, estimated to cost Rs 40 crore. The project is on a design, build, finance, operate and transfer basis for a period of 60 years, it said in a statement.