Reliance Equity Opportunities Fund collects Rs1,773 crore
Mumbai: The Reliance Equity Opportunities Fund has collected Rs1,773 crore during its initial public offer, a company release has stated. This is the highest IPO collection for Reliance Mutual Fund, with the amount accruing from 2.2 lakh investors, said a release from Reliance Capital Asset Management.
The release said that in an effort to reach out to retail investors, the company has spread its network over diverse geographies in the country through the appointment of business associates in smaller cities and towns. This strategy has enabled the company to have a presence in over sixty cities and has paid off well.
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Allahabad Bank public offer set for April 6 launch
New Delhi: The Allahabad Bank has said that its second public offer will be launched on April 6. Officials however declined to spell out the price of the issue. The bank had tapped the market three years ago and raised about Rs100 crore.

The bank is aiming to cross Rs60,000 crore business this fiscal, and will tap the market to raise about Rs900 crore.
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EID Parry Board approves stock split
Chennai: EID Parry India Ltd has informed the BSE that the board of directors of the company, at its meeting held on March 21, has, inter alia, approved sub-division (stock split) of the nominal value of equity shares from Rs10 per share to Rs2 per share.
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Divi's Labs hikes limit for FII holdings
Hyderabad: Divi's Laboratories Ltd has informed the stock exchanges that its shareholders have approved a special resolution, held through a postal ballot, for increasing the shareholdings limits of the foreign institutional investors (FIIs) from 24 per cent to 30 per cent of the paid-up share capital of the company. The resolution was passed with the requisite majority.
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