| Choppy market forces cos to go slow on QIPs worth $3bn
MUMBAI: The most popular fund-raising mode for India Inc — qualified institutional placement (QIP) — has suddenly lost its glitter, with the stockmarket turning dangerously volatile. Some fund-hungry corporates are looking at slashing the QIP pricing by as much as 20-25% to be in line with their subdued stock prices, while a majority of them have put on hold their issues and are waiting for the market to recover.
Market sources said at least half-a-dozen QIPs, running into a total of $3 billion including that of Unitech, Patel Engineering and ABG Shipyard, are believed to be caught in the market spin.
Since the inception of QIPs in May 2006, India Inc has raised over Rs 25,000 crore through the QIP route, with GMR raising $1 billion — the largest so far. The market regulator SEBI through a circular dated May 8, 2006, had amended the SEBI (Disclosure of Interest and Investor) Protection Guidelines, 2000, to introduce this additional fund raising mode for listed companies from the domestic market.
Romney, McCain accuse each other of being closet liberals
Mike Huckabee are also on the ballot, but recent surveys have shown them fading well back. Romney was in West Palm Beach while McCain was in Jacksonville as they set out on their final full day of Florida campaigning. Addressing phone bank workers who came out to the airport to see him off on a state flyaround, Romney said three key bills that McCain pushed in Congress steered the country on "a liberal Democrat course." Romney said the 2002 McCain-Feingold campaign finance law "hit the First Amendment" with its controls over advertising spending. He labeled last year's failed McCain-Kennedy immigration bill "the amnesty bill" because it would have allowed illegal immigrants to remain in the country indefinitely. Romney also said a 2003 McCain-Lieberman energy cap-and-trade bill would have increased energy costs for the average Florida family of four by $1,000.
Atlanta Music Scene
Go on, talk up that musician or band that you think will be the next big thing, then you can say you were there from the start. Permalink | Comments (14) | Post your comment | DJ Don Cannon's Greatest Hits By Sonia Murray | Friday, January 18, 2008, 09:15 AM The Atlanta Journal-Constitution Once again, if it's Friday at the Atlanta Music Scene blog, it must be time to to talk about Janet Ja
no she's not the topic today. We're picking up on the subject raised in the Music Insider column yesterday in Access Atlanta: DJ Don Cannon of Atlanta's mixtape/record label power the Aphilliates. Well, not only was he willing to let readers behind his turntables, but Cannon shared a bit of news - he's releasing his first "greatest hits" mixtape, of sorts, of his own productions Jan.
|
