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Markets | Shaw Wallace to be removed from BSE 500

Markets | Shaw Wallace to be removed from BSE 500
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First Published: Thu, Jul 09 2009. 11 48 PM IST
Updated: Thu, Jul 09 2009. 11 48 PM IST
Mumbai: The Bombay Stock Exchange will exclude Shaw Wallace and Co. Ltd from BSE Mid-Cap Index and BSE 500 Index from Friday, the exchange said in a release on Thursday.
Consequently, Sunteck Realty Ltd will enter the BSE 500 Index, the exchange said.
NewsWire18
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Excel Infoways pre-IPO placement at Rs100
Mumbai: Business process outsourcing firm Excel Infoways Ltd has made a pre-initial public offering placement of 33,000 shares at Rs100 each to three individual investors, a source involved with the deal told ‘NewsWire18’.
The three investors are Sarita K. Raghuvanshi, Garima K. Raghuvanshi, and Krishipal T. Raghuvanshi, and none of them are related to the promoter group.
The company will now issue 5.67 million shares in its proposed initial public offering (IPO) scheduled to open on Tuesday and close on 17 July.
The IPO is priced in the Rs80-85 per share band. The IPO constitutes 26.77% of the fully-diluted post-issue paid up capital of the company.
NewsWire18
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First Published: Thu, Jul 09 2009. 11 48 PM IST