Shilpi Cable Technologies has declared 8th April as a listing date for its equity shares
Cables manufacturer Shilpi Cable Technologies has declared 8th April as a listing date for its equity shares. It has raised Rs55.88 crore through its initial public offering (IPO) at higher end of price band of Rs65-Rs69 a share. The company manufactures RF cables to cater to the telecom sector and also trades in cable accessories.
Issue proceeds are proposed to be utilised for capital expenditure on cable/wire assembly shop, tools for 3G enabling and augmenting cable manufacturing capabilities. The funds will also be used for investment in Shilpi Cabletronics, a subsidiary of the company. The issue was subscribed 3.48 times, supported by all segments of investors.
The customers of the Union Bank of India, after one-time registration at the Bank’s portal, will be able to make their income-tax payments on ATMs
Union Bank of India (UBI) customers can now pay their income tax through the automated teller machines (ATMs) of the Bank.
The customers of the Bank, after one-time registration at the Bank's portal, will be able to make their income-tax payments on ATMs. They will be able to generate their challan on Bank's portal. Registration for income-tax payment will also be extended through the bank's branches. The Bank has an ATM network of 2,600 ATMs and a card base of 6.5 million.
Fidelity Fixed Maturity Plan-Series VI is a closed ended debt scheme
Fidelity Mutual Fund has filed an offer document with SEBI to launch Fidelity Fixed Maturity Plan-Series VI, a closed ended debt scheme. The fund has six plans-Plan A to F. The Investment objective of the scheme is to seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a Plan. The plan shall invest up to 100% in debt and money market instruments. It may also invest in foreign securities up to 25% of its net assets.
Since tenure of the plans ranges from 3 months to 37 months, the benchmark will be decided at the time of launch of a Plan depending upon the tenure of a Plan.
The minimum investment amount is Rs5,000. The scheme will be managed by Shriram Ramanathan and Mahesh Chhabria (assistant fund manager).