Govt asks market regulator to relax FPO norms

The government has asked market regulator Securities and Exchange Board of India to allow relaxations in rules for follow-on public offerings, two people with knowledge of the development have......

Money for brokers if PSU staff buy own shares

The Union government has planned to pay brokers a commission to encourage staffers in divesting public sector units (PSUs) to subscribe to these issues. The divestment programme planned for this......

Opportunity for arbitrage in FPOs

On Tuesday, when the Power Finance Corporation (PFC) follow-on public offer (FPO) had opened for subscription, many investors would have been wondering if it was a good time to enter the stock.What......

Govt divestment target falls short

The government got Rs 9,930 crore from its follow-on offer of NMDC shares, leaving it short by Rs 1,448 crore for its year's disinvestment target of Rs 25,000 crore. In addition, it got about Rs......