Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: form 3cd :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS
 
 
« General »
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961

Sebi gives nod to Rs 750 cr Future Ventures IPO
January, 25th 2011

Market regulator the Securities and Exchange Board of India (Sebi) has given approval to Kishore Biyani-promoted Future Ventures to raise up to Rs 750 crore through an initial public offer (IPO).

According to Sebi, the company had filed the revised Draft Red Herring Prospectus (DRHP) on September 2 last year and the market regulator gave its nod on January 21, 2011.

The company earlier filed the initial DRHP on August 13, 2010. According to the details available with the prospectus, the company plans to raise up to Rs 750 crore.

This is the second time that Future Ventures is planning to tap the primary market. Earlier, in 2008, the company had filed a prospectus but did not come out with an offering.

The media major Bennett Coleman and Company (BCCL) is among the top 10 shareholders of the company.

BCCL, the publisher of English dailies The Times of India and The Economic Times, holds a 12.10 per cent stake in the company.

Other top shareholders of the company include Pantaloon Retail (India), 18.15 per cent, and Future Capital Investment, which has a 12.32 per cent holding.

The company plans to raise funds to 'create, build, invest in or acquire and operate business ventures and for general corporate purposes', as per the DRHP. The company may consider participation by anchor investors.

JM Financial, Enam Securities and Kotak Mahindra Capital are the book running lead managers to the issue.

Shares offered through the IPO are proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange.

The company is a part of the Future Group, promoted by Kishore Biyani and it focuses on consumption-led businesses.

Two firms of the Future Group -- Future Capital Holdings and Pantaloon Retail -- are already listed on the stock exchanges and this will be the third one from the group to tap the capital market.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions