HSBC picks up 9.16% stake in TBZ for Rs 73 cr through IPO
Quotes

HSBC picks up 9.16% stake in TBZ for Rs 73 cr through IPO

Last Updated: Monday, May 14, 2012, 22:13
 
 Comment 0
 
HSBC picks up 9.16% stake in TBZ for Rs 73 cr through IPO
New Delhi: HSBC Global Investment Funds has acquired 9.16 percent stake in Tribhovandas Bhimji Zaveri's (TBZ) for Rs 73.34 crore through public issue of the jewellery retailer.

In a filing to the BSE, TBZ informed that HSBC has acquired 61,12,167 shares (9.16 percent) through Initial Public Offer (IPO) at Rs 120 per share.

TBZ had hit the capital market with its about Rs 200 crore IPO last month. The maiden public issue was over-subscribed 1.14 times.

The company had fixed the price band at Rs 120-126 per share for its IPO. The issue size was 1.66 crore equity shares of Rs 10 each (including anchor portion of 24.99 lakh equity shares).

PTI



First Published: Monday, May 14, 2012, 22:13


Comments


comments powered by Disqus
PM Narendra Modi in France
PM Narendra Modi in France
PM Modi`s Make in India push in Germany
PM Modi`s Make in India push in Germany
Renault Lodgy MPV
Renault Lodgy MPV
Apple Watch: Worldwide preview
Apple Watch: Worldwide preview
2015 New York Auto Show
2015 New York Auto Show

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved