HUDCO IPO Merchant Bankers To Be Selected On 18th August
As told all the investors before that government will offload their 10% stakes in HUDCO through IPO.
As many as nine merchant bankers, including Citibank and Nomura Financial, have queued up to manage the 10 per cent stake sale of Housing and Urban Development Corporation (HUDCO IPO).
The other bankers who are in fray are SBI Capital Market Ltd, IDBI Capital Markets and Securities, ICICI Securities, IDFC Bank, Axis Capital, Yes Bank and Edelweiss Financial Services, according to the Department of Investment and Public Asset Management (DIPAM).
The government has set a disinvestment target of Rs. 56,500 crore for the current fiscal. Of this, Rs. 36,000 crore will be raised from minority stake sale in PSUs and Rs. 20,500 crore from strategic sale.
The government has already raked in Rs. 3,183 crore from stake sale in NHPC, employee subscription in IOC and NTPC disinvestment.
RBL Bank IPO is in pipeline Bidding of which will start from August 19, 2016 of this month.
There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.
So Keep watching this blog to keep yourself updated with all the news.
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