FACTBOX-Indian firms' share sale pipeline in 2009
June 10 (Reuters) - Indian companies are set to launch a raft of equity offerings, but the sales could soak up investor funds and slow down a rally that has lifted the domestic market nearly 90 percent from March lows this year. [ID:nBOM492912] Some of the companies that plan to sell shares in 2009 are: ------------------------------------------------------------- Company Estimated Proceeds
(in million dollars) ------------------------------------------------------------- ANNOUNCED: --------- Akruti City AKRU.BO 500 Austral Coke & Projects (ACPL.BO) 200 Cairn India (CAIL.BO) 1,000 City Union Bank (CTBK.BO) NA DCW (DCWL.BO) NA Electrotherm India (ELTH.BO) 75.20 Global Broadcast News Ltd (IBN.BO) 151.80 IOL Chemicals & Pharmaceuticals (IOLC.BO) 12.30 Jet Airways(India) (JET.BO) NA JSL (JIST.BO) 99.80 JSW Steel (JSTL.BO) 1,000 Karnataka Bank (KBNK.BO) 117 Lok Housing & Construction (LOKH.BO) 196.20 Northgate Technologies (NOTC.BO) 113 Parsvnath Developers (PARV.BO) NA Pyramid Saimira Theatre (PYSA.BO) 450 Rasoya Proteins (RSPR.BO) 20 Sarang Chemicals (SARN.BO) 7 Sheetal Bio Agro Tech (SBIO.BO) 6.60 Syndicate Bank (SBNK.BO) 1.90 Wellworth Overseas (WLWT.BO) NA -------- MANDATED -------- Birla Power Solutions (BRLY.BO) 25 Deccan Aviation (KING.BO) 400 Essar Oil (ESRO.BO) 2,000 GMR Infrastructure (GMRI.BO) 300.70 Hindustan Construction Co (HCNS.BO) 315.60 Housing Development & Infrastructure (HDIL.BO) 300 Indiabulls Financial Services (IBUL.BO) 1,000 IOL Netcom (IOLB.BO) NA Puravankara Projects (PPRO.BO) 74.50 ------------------------------------------------------ Total 8,366.60 ------------------------------------------------------ Source: Thomson Reuters (Compiled by Pratish Narayanan and Nishant Kumar; Editing by Ranjit Gangadharan and Muralikumar Anantharaman)
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