Sensex 29182.95 -498.82 -1.68%
Nifty 8808.9 -143.45 -1.6%
Sunteck Realty Ltd is planning to raise as much as US$40 mn selling shares to institutional investors, according to a report.
The report stated that the company plans to sell shares for at least Rs534.15 each.
Citigroup Global Markets India Pvt., Kotak Mahindra Capital Co. and UBS Equities India Pvt. are managing the sale, add reports.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.