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Oberoi in the Race to Raise INR 1500 Crores

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The realty firm known as Oberoi Realty has gone ahead and filed the Initial Public Offer (IPO). According to the sources at www.propertykhazana.com the stock market agency like the SEBI to offer approx 40,000,000 shares which has got a value of INR 10 through the IPO, which is the Mumbai based Realty luminary.
Furthermore, as per the records with www.propertykhazana.com the real estate luminary is hunting to obtain some brownie points at approx INR 1,600 Crores through the assignments and has got the plans to knock the market with an awesome figure of approx 4 Crores equity shares. The offer which is done by companies which will raise the funds in the primary market by means of Initial Public Offer, dealing with the right issue and private placements. It is the process of selling the securities to the public in the man market. This can also be made by the means of fixed price methods. This will lead to the process of neutralizing 12% of the fair share in the funds of Oberoi Realty”.
Kotak Mahindra, Enam Securities, and J P Morgan Stanley India are specialists in the Issue. The main market will witness lots of actions with many companies is planning to extract INR 51,000 Crores through the IPO’s. The central public sector undertaking will consist of important power giants like NTPC, Rural Electrification Corporations, Satluj Jal Vidyut Nigam and mining bigwig National Mineral Development Corporation (NMDC); it will be going ahead and knocking the market before month of March. For more information please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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