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PSU IPOs should be only for retail investors: Prime Database
Taking a cue from state-run NHPC"s disappointing debut on the bourses, primary market tracking firm Prime Database today said the government should consider giving shares to only retail investors in the initial public offers of PSU firms, to lower post-listing selling pressure.

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Markets open with positive gap
The Nifty has opened at 4,570, up 46 points. The Sensex meanwhile is up 96 points at 15,327, in opening trades.

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A fine cut
A Sharma / New Delhi December 12, 2009, 0:05 IST
Business Opportunities

Kingfisher Airlines plans to raise up to $175 mn by Mar 2010

Private carrier Kingfisher Airlines plans to raise up to 175 million dollars (about Rs 840 crore) before March next year through rights issue and global depository receipts (GDR). "Yes, we are planning both rights issue and GDR placement. The combined amount will be about 150-175 million dollars," UB Group Chief Financial Officer Ravi Nedugandi told PTI. The airline is likely to get the first delivery of the world"s largest aircraft Airbus A380 in 2014, which was scheduled for delivery in 2012. The airline has faced problems clearing its fuel bills. Petroleum Minister Murli Deora had informed Parliament in July that Kingfisher Airlines owes over Rs 950 crore to state-run oil companies in unpaid jet fuel bills.


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