Rushil Decor to enter capital market

The company has fixed price band at Rs63-Rs72

Rushil Decor said that it is entering the capital market with a public issue of 56,43,750 equity shares of face value Rs10 each on 20 June 2011. The company has fixed price band at Rs63-Rs72.

The issue includes promoter’s contribution of 2,43,750 equity shares and issue to the public of 54 lakh equity shares. The issue will close on 23rd June.

The company manufactures decorative laminated sheets with a network of branches, distributors and dealers across India. It offers comprehensive engineered interior products including decorative laminate sheets and plain particle boards.

Issue proceeds are proposed to be used for setting up of medium density fibre board plant at Amble Industrial Area in Chikmagalur (Karnataka); and for working capital requirement.

Corporate Strategic Allianz Ltd is the book running lead manager and Indbank Merchant Banking Services Ltd is the co-book running lead manager to the issue.

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SBI Mutual Fund introduces Debt Fund Series 367 Days-2

SBI Mutual Fund new issue closes on 20th June

SBI Mutual Fund has launched SBI Debt Fund Series 367 Days-2, a close-ended income scheme.

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as government securities, AAA/AA+ bonds and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 20th June. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.

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HDFC Mutual Fund launches 370 days fixed maturity plan

HDFC Mutual Fund new issue closes on 22nd June

HDFC Mutual Fund has launched HDFC FMP 370D June 2011 (3), a close-ended income scheme.

The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

The new issue closes on 22nd June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Miten Lathia is the fund manager.

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