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I.P.O. / Offerings | 19 November 2012

Promoters Of Disa India To Cut Stake Through OFS

by Sushil Surana
 
@Hemant_Kaul
@Disa_India will offload around 11.45% of its equity or 1.73 lakh shares in the company to meet the minimum public shareholding norm of 25% by SEBI.

Promoter holding in the company stands at 86.49% currently and the sale will be done through Disa Holding A/S on November 20.

Indsur Group Acquires British Firm - Nevron Eurotherm Insulation

Auto component maker Indsur Group acquired Nevron Eurotherm Insulation Ltd., provider of insulation and metal cladding solutions.

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Tyre Maker Ceat Plans Fund Raise

Ceat Limited is planning to raise upto INR 5,000 Mn through issue of securities including Equity Shares or FCCB or ADR or GDR or fully or partly convertible debentures, NCD, preference shares convertible into equity shares or any other equity linked securities.

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