VSNL issue on 20 September
Mumbai: The domestic issue of Videsh Sanchar Nigam will open on 20
September. The earliest closing date of the issue will be on 24 September.VSNL plans to offer one million shares to the Indian public at a
fixed price of Rs 750 per share. The shares have a face value of Rs 10 per share. The
issue price is at a huge discount to VSNL's current market price of its shares at Rs 1,100
per share.
VSNL plans to issue its shares in lots of 10 to attract a
wider base of investors.
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Badla rates marginally up
Mumbai: The weekly carry forward (badla) rates of the Bombay Stock
Exchange have gone up to 22.5 per cent against last week's 21 per cent.
Brokers said the net demand for funds during the week was
higher than the previous week, which contributed to the uptrend.
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