Rajesh Exports to increase share capital
Bangalore: Rajesh Exports plans to hike the authorised share capital from Rs 7.5 crore to Rs 10 crore by creating 1,25,00,000 equity shares of Rs 2 each.

The company will also consider issuing of GDR or ADR with option for conversion into equities while also looking at foreign currency convertible bonds and other instruments for an aggregate amount of $150 million.

The move to seek approval at the EGM is to enable the company to raise money through various options for meeting the company's expansion programmes such as setting up retail infrastructure and meeting the working capital.

The meeting will also consider a proposal for raising the borrowing limit from the current Rs 200 crore to Rs 1,000 crore, to enable it to meet its future plans to enter the real estate business.
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Ess Dee Aluminium lists at Rs 265 on NSE
Mumbai: Pharmaceutical packaging solutions provider, Ess Dee Aluminium's stock made its debut at Rs 265, a premium of 17.77 per cent to the offer price of Rs 225, on the NSE.

The stock witnessed an intra-day low at Rs 235.10 before settling at Rs 238.30. A total of 71,80,599 shares were traded on the NSE.
On the BSE, the stock opened at Rs 260, at a premium of 15.55 per cent.

The stock saw an intra-day high at Rs 261.90 and a low at Rs 235.25. It closed at Rs 238.45.

The total traded quantity on BSE was 61,71,338 shares.

The company entered the capital market with an initial public issue of 69.6 lakh equity shares of Rs 10 each through the book building process.
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XL Telecom lists at 18 pc premium
Mumbai: The stock of XL Telecom debuted at Rs 177.10 on the BSE on Thursday at a premium of 18.06 per cent to the issue price of Rs 150.

The stock fell to an intra-day low of Rs 134.10 and closed at Rs 136. A total of 34.52 lakh shares were traded on the BSE. The stock debuted at a premium of 10 per cent on the NSE at Rs 165. It touched an intra-day high of Rs 174.90, a low of Rs 133.30 and settled at Rs 135.35. A total of 42,99,475 shares were traded.

The company had entered the capital market with an IPO of 39,56,808 equity shares of Rs 10 each.
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Surana Ind lists on NSE
Chennai: Surana Industries (SIL), a Chennai-based steel manufacturing company, listed on the National Stock Exchange (NSE) with effect from today (December 28), according to a press release. The company has been earlier listed on the Chennai and Mumbai stock exchanges since 1994, the release said.

Equity shares of the company have been listed on NSE at a face value of Rs 10 each and investors can trade in the normal market segment — compulsory demat (rolling settlement).
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Sundaram BNP to launch two schemes
Mumbai: Fund house Sundaram BNP Paribas is launching new fund offers for its two close-ended equity schemes - Equity Multiplier Fund and Small Cap Fund - and expects to collect up around Rs 800 crore in the New Year.

Sundaram BNP will invest into small-cap companies, through its Small Cap Fund which would have a tenure of five years and invest more than 65 per cent into equity and equity-related securities, while exposure to other equities, fixed income and money market securities would be below 35 per cent.

The scheme, with minimum investment of Rs 5,000 would be benchmarked against the BSE Small Cap Index and has no entry load, while the exit load would be three per cent up to 12 months of investments and narrow down later. The MF aims to collect around Rs 300 crore through the scheme.

Stocks with market capitalisation of less than Rs 5,000 crore would be qualifying for the investment portfolio of the scheme.

The Equity Multiplier Fund would maintain its debt-equity exposure at 65-35 per cent level. The close-ended fund would be converted into a open-ended fund after three years.

The scheme would be primarily investing into equities and equity-related instruments and may also use derivative instruments such as stock, index futures, interest rates swaps, forward rate agreements.
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