Taksheel Solutions’s IPO will close on 4th October
IT service provider Taksheel Solutions will launch its Rs80 crore initial public offering on 29th September. The price band for the issue has not been fixed yet.
The Hyderabad-based firm, which offers IT products and services to financial services and telecom companies, plans to use Rs22 crore from the IPO proceeds for acquiring firms in a similar line of business, chairman and managing director Pavan Kumar Kuchana said. The IPO will close on 4th October, he added. TSL, which intends to issue 5.5 million shares through a fresh issue, intends to use proceeds to set up two software development centres, acquisitions and other corporate purposes. PNB Investment Services, a unit of Punjab National Bank, is the book running lead manager.
The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Edelweiss Mutual Fund new issue closes on 15th September
Edelweiss Mutual Fund has launched Edelweiss Fixed Maturity Plan-91 Days-Series 3, a close-ended income scheme.
The investment objective of the scheme is to generate regular income through investment in debt and money market instruments maturing on or before the maturity date of the scheme.
The new issue closes on 15th September. The minimum investment amount is Rs5,000.
Daiwa Mutual Fund new issue closes on 21st September
Daiwa Mutual Fund has launched Daiwa Fixed Maturity Plan-3M-Series 2, a close-ended income scheme.
The investment objective of the scheme is to generate income and capital appreciation by investing in a portfolio of debt and money market instruments having maturity on or before the date of maturity of the plan(s).
The new issue closes on 21st September. The minimum investment amount is Rs5,000.