Enam Securities

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  Avendus-KKR Deal Reopens Old Trend: Investment Banks Diversification

  Just sealed Avendus-KKR deal reopens an old trend in the pure play investment banking sector, which was dominated by deal-makers, Nimesh Kampani, Vallabh Bansali, Hemendra Kothari and Uday Kotak till late 90s, who either exited the business or turned full-service financial players.

• Videocon's D2H arm gets Sebi nod for Rs 700 crore IPO

  Market regulator Securities and Exchange Board of India (Sebi) has given a nod to the proposed Rs 700 crore initial public offering (IPO) of Bharat Business Channel, which is Videocon Groups direct-to-home TV arm.

• Nalco stake sale commences on bourses; scrip tanks 8 per cent

  Shares of Nalco plunged over 8 per cent on the BSE in the early trade on Friday as the government's up to 10 per cent stake sale of the PSU firm commenced on the bourses.

• Ministerial panel to discuss Nalco stake sale tomorrow; SAIL next week

  Keen to achieve the scaled down disinvestment target of Rs 24,000 crore, the government is working to sell part of its stake in National Aluminium Company (Nalco) and Steel Authority of India (SAIL) in the next fortnight.

• Nalco to hit market after budget; to raise Rs 1,400 crore

  Nalco disinvestment, which could fetch Rs 1,400 crore to exchequer, is likely to hit the market during the first week of March, after the budget, to ensure it is not impacted by volatility in stock markets.

• Sebi seeks clarification on Videocon's direct-to-home arm IPO

  Market regulator Sebi has sought clarifications from the merchant banker of Bharat Business Channel, direct-to-home TV arm of Videocon Group, regarding the company's proposed Rs 700 crore public offering.

• HUDCO to raise Rs 750 crore through tax-free bonds

  State-run Housing and Urban Development Corporation today said it plans to raise Rs 750 crore through tax-free bonds with an option to retain over subscription up to shelf limit of Rs 5,000 crore.

• IIFCL plans to raise Rs 1,500 crore through bonds

  State-owned lender Indian Infrastructure Finance Company (IIFCL) plans to raise Rs 1,500 crore through an issue of bonds. The issue will open on December 26 and close on January 11.

• Government may disinvest 10% equity in NMDC this week

  The government is likely to sell its 10 per cent equity this week in iron ore miner NMDC, which could fetch the exchequer nearly Rs 6,300 crore at the current market price.

• Infosys falls for third straight day: Top 5 reasons

  The BFSI sector, which contributes nearly 35 per cent to the revenue share, may weaken further.

• Hopeful of RBI nod for Enam-Axis deal by next month: Vallabh Bhanshali

  The leading brokerage firm Enam Securities has said it is hopeful of its sale to Axis Bank - pending for the last 16 months - going through before the end of the fiscal.

• NBCC to come out with IPO in March

  National Buildings Construction Corporation said it will come out with an IPO to offload 10% equity next month.

• State-run NBCC files draft prospectus for maiden public offer

  State-run National Building Construction Corporation today said it will dilute 10 per cent stake through an IPO

• HUDCO to raise up to Rs 4,685 cr through tax-free bonds

  Housing and Urban Development Corporation said it will raise up to Rs 4,685 cr through tax-free bonds issue.

• Axis Bank board clears merger of Enam Securities business

  The Board of Axis Bank today approved merger of the financial services business of Enam Securities with itself through a share swap deal.  The identified business verticals of Enam Securities will be merged with itself under a scheme of arrangement, Axis Bank said in a statement. As part of the agreement, Enam shareholders will be i...