Future Capital IPO gets clearance from SEBI and may hit the market soon if the news is true , this is considered one of the good ipo as its from the Future Group.The company is looking to raise Rs 400 crore through IPO.Future Capital Holdings is offering 64.2 lakh shares via IPO and diluting 10.16% of equity. Promoters holding will reduced to 74% from current 83%.Currently the listed Pantaloon holds 61%, which will come down to 55% post IPO. Kishore Biyani's stake will come down from 6.6% to 6% post IPO.
Source : CNBC
Saturday, January 12, 2008
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