Sensex: Down 153
Mumbai: The Sensex opened higher with a gap of 17 points at 5,868.60. After touching a high of 5,875.23 in the early trades, it slipped below the 5,700-mark and closed at 5,698.04, a fall of 152.66 points. On the NSE, the S&P CNX Nifty closed at 1808.20, down 44.45 points.
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Petronet IPO coming up
New Delhi: Petronet's domestic market IPO, amounting to 34.8 per cent equity at Rs 13-15 per share, will be shortly hitting the market. The IPO is expected to accrue around Rs 400 crore for the company. The company also plans to float a Rs 525-crore bond issue by June this year.
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PTC issue to open on March 1
Mumbai: Power Trading Corporation of India Ltd. will open its initial public offering on March 1, 2004. The price band for the offer has been fixed at Rs 14-16 per equity share of value Rs 10 per share.

PTC has opted for 100 per cent book building method. The company, which generated revenues of Rs 998 crore last year, will see its paid-up capital increase from Rs 91.5 crore to Rs 150 crore after the IPO.
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Mukand plans rights issue
Mumbai: Mukand Ltd. is entering the capital market with a rights issue of shares in the ratio of nine shares for every four held to raise Rs 50.64 crore. The offer price is Rs 10 per share while the current market price is around Rs 18-19. The rights issue is part of its overall financial restructuring, as approved by the corporate debt-restructuring cell.
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CMC gets bids twice the issue size
Mumbai: The offloading of the government stake in the software company has received a good response, with the issue receiving bids more than twice the size of the issue. The maximum bids received in CMC were at the floor price of Rs 475. In today's trading, CMC stock closed at Rs 530.25.
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