Friday , 20 October 2017
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ECONOMIC SCAN

Nippon Life Asset Management IPO opens on Oct 25

MUMBAI:  Reliance Nippon Life Asset Management Limited proposes to open its initial public offering on October 25 and close on October 27 with a price band of Rs 247 to Rs 252 per equity share of face value of Rs 10 each of the company. The floor price is 24.7 times of the face value and the cap price is 25.2 times of the face value. The minimum bid lot is 59 equity shares and bids may be made in multiples of 59 equity shares thereafter. The initial public offering of up to 61,200,000 equity shares. IPO consists of fresh issue of up to 24,480,000 equity shares and offer for sale of up to 36,720,000 equity shares. The offer shall constitute 10.00 per cent of the post-offer paid-up equity share capital of the company. The equity shares are proposed to be listed on NSE and BSE.

Malabar Gold’s Diwali offerings

PANAJI: Malabar Gold and Diamonds, as part of its Diwali festival, has announced a 100 kg of gold as gifts to customers who buy gold and diamonds jewellery from its showrooms in India and abroad. They have announced 5 kg of gold as bumper prize through a lucky draw. In addition to it, they will offer gold bars through weekly draws, scratch and win assured gold coins with each purchase of gold worth Rs 30,000 and diamonds worth Rs 25,000.  For this Dhanteras customers can also book gold in advance and bring home silver free. The offer is valid till October 31. Malabar Gold and Diamond has associated with State Bank of India to offer up to 5 per cent cash back on a minimum card purchase of Rs 25000 through its outlets across India,  till October 19. “We are committed to giving the best value for money deals to our customers this Diwali. The discount offers and lucky draw schemes have been designed to provide an exciting shopping experience to our patrons,” stated Ahammed MP, chairman, Malabar Gold and Diamonds. NT

 

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