Hi Krishna,The board of directors of United Bank of India UBI on Friday proposed to issue equity shares on preferential basis to the LIC and the Union Government at a price of Rs 79.74 a share.The UBI stock closed at Rs 74.55, up 0.13 per cent, on the BSE.The bank said that it plans to issue 1.7 crore equity shares of Rs 10 each to LIC and 2.17 crore shares of Rs 10 each to the Government.To know
Posted in
Work & Workplace by
krishna toma
at
7:36 PM on February 27, 2012
. This is a faster way for a company to raise equity capital. The issuer company has to comply with the Companies Act and the requirements contained in the chapter, pertaining to preferential allotment in SEBI 15 days from the closure of the IPO. The shares should get credited to the respective bidders de-mat account within two working days from the date of allotment. The refund orders are also dispatched
Posted in
Personal Finance & Tax by Rocky Rocks
at
2:17 AM on September 19, 2008
will get the shares at the same price. Some of the major drawbacks are as following: In case of over subscription, the shares are allotted in proportionate basis. Thus, small investors hardly get any allotment in such a case. Money is locked for a long time and the shares are allotted after a few days where as in case of purchase from the secondary market the shares are credited within three working days
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Personal Finance & Tax by Rocky Rocks
at
1:42 AM on September 19, 2008
Preferential Issue is an issue of shares or of convertible securities by listed companies to a select group of persons under Section 81 of the Companies Act, 1956, that is neither a rights issue nor a public allotment in SEBI guidelines, which inter-alia include pricing, disclosures in notice etc. Information collected from www.nseindia.com...Primarily, issues can be classified as a Public, Rights or Preferential
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Personal Finance & Tax by Arvind Pal
at
5:17 PM on October 18, 2008
shareholders. A Preferential issue: A Preferential Issue is an issue of shares or of convertible securities by listed companies to a select group of persons under Section 81 of the Companies Act, 1956, pertaining to preferential allotment in SEBI guidelines, which inter-alia include pricing, disclosures in notice etc....Primary Market Contd Listed Company Unlisted Company Debt Instruments Lead Merchant
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Personal Finance & Tax by Rocky Rocks
at
1:55 AM on September 19, 2008
Preferential Issue is an issue of shares or of convertible securities by listed companies to a select group of persons under Section 81 of the Companies Act, 1956, that is neither a rights issue nor a publicWell Ashwani! Primarily, issues can be classified as a Public, Rights or Preferential issues also known as private placements. While public and rights issues involve a detailed procedure, private
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Personal Finance & Tax by Ashwani
at
4:57 PM on October 18, 2008
Preferential Issue is an issue of shares or of convertible securities by listed companies to a select group of persons under Section 81 of the Companies Act, 1956, that is neither a rights issue nor a publicWell Dev! Primarily, issues can be classified as a Public, Rights or Preferential issues also known as private placements. While public and rights issues involve a detailed procedure, private
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Personal Finance & Tax by Dev Raj
at
10:17 PM on October 17, 2008
, by way of a preferential allotment ... of 27,263,372 2.73 crore equity shares of the face value of Rs.10 to Etihad Airways at a price of not less than Rs.754.73 including premium of Rs.744.73 per share per agreement in relation to such issuance and allotment and other documents incidental thereto. The said preferential allotment is subject to various conditions precedent including regulatory approvals
Posted in
Business by
lucky tomar
at
11:00 PM on April 24, 2013
Mobile Galaxy and BSNL Mobile Safari branding. The link for the content under this branding shall have preferential treatment on various pages hosted by BSNL. BSNL invites proposals from interested companies for providing WAP based Value Added Services through GPRS/ EDGE to its GSM mobile subscribers on revenue sharing basis under such arrangement....well, BSNL is providing different Value Added Service
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Computers & Technology by sahil mittal
at
5:05 PM on June 23, 2008
Bonus shares are shares that are allotted to shareholders by virtue of them holding the companys shares. It is given as an incentive to the shareholders. The cost of acquisition of bonus shares on the period of holding of such bonus shares. However, if the bonus shares were allotted before 1.4.1981, then the fair market value of the shares as on 1.4.1981 can be considered as the cost of acquisition
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Personal Finance & Tax by seeta rani
at
8:18 PM on September 09, 2008
in Mumbai on Wednesday, the board cleared a proposal for preferential allotment of 2.72 crore equity shares to Etihad at a price of Rs. 754.73 per share including a premium of Rs. 744.73 of the face valueHi Himanshi, The board of directors of Jet Airways India has approved a proposal to allot 24 per cent stake to Etihad Airways PJSC of Abu Dhabi for Rs. 2,058 crore 379 million.At a meeting held
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Business by
Himanshi Agg
at
7:24 PM on April 25, 2013
.The board approved the sale by way of a preferential allotment of 27 million shares to Etihad Airways at a price of not less than Rs.754.74 apiece.The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting EGM to be held in this regard. The board of directors has granted approval for the company and Etihad PJSC to enter into inter alia, the investment
Posted in
Business by
lucky tomar
at
10:56 PM on April 24, 2013
procedures. The company has to produce last quarterly statement of accounts, business carried on, number of shares, audited statement, investment, capital amount, shareholders, etc....The following eligibility the post-issue paid-up number of equity shares with the issue price. 2. In respect of Small Cap Companies 1. The minimum post-issue paid-up capital of the Company shall be Rs. 3 crore; and 2. The minimum
Posted in
Personal Finance & Tax by
bijon nath
at
10:56 PM on October 12, 2008
Allotment of shares on preferential basis shall be as per the requirements of the Companies Act, 1956, which will require special resolution in case of a public limited company.In case of listed shares quoted on the stock exchange during the six months preceding the relevant date orii The average of the weekly high and low of the closing prices of the related shares quoted on the stock exchange
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Business to Business by business lif
at
7:50 PM on December 19, 2008
how to calculate short term capital gains tax with an example? What tax rate is applicable for derivatives trading...Bonus shares are shares that are allotted to shareholders by virtue of them holding as capital gains, because the cost of acquisition is Nil. The nature of capital gains will be determined based on the period of holding of such bonus shares. However, if the bonus shares were allotted before 1
Posted in
Personal Finance & Tax by priyanka
at
1:27 AM on July 26, 2008
