INSUBCONTINENT EXCLUSIVE:
Mumbai: State-run ITI further extended its follow-on public offer (FPO) to February 5 from Friday, citing bank strike
The issue was subscribed 58 per cent till Friday, data with NSE showed.
Services of public sector banks were impacted as employee unions
in the country and Sebi regulation, which states that in case of any force majeure, banking strike or similar circumstance, the issuer may
keeping in mind the circumstances, the FPO Committee has decided to extend the bid/ issue period by four working days
offer (FPO) to raise up to Rs 1,400 crore, and extended the issue until January 31
The telecom equipment maker cut the price band to Rs 71-77 per share, from Rs 72-77 per share following a tepid response.