Yes Bank stock lists on BSE at Rs 65/share
12th July 2005: The scrip of YES Bank today listed on the Stock Exchange, Mumbai (BSE) at Rs 65 per share, a 44.4% premium to the issue price Rs 45 per share. The first trade was struck at Rs 65 for 50 shares, a BSE official told reporters after the listing ceremony at the exchange here. The scrip touched a high of Rs 70 and was trading at Rs 62.75 at 12.35 pm.

The bank raised Rs 315 crore through Initial Public offer which opened for subscription on June 15 and closed on June 21. The bid price band for 100% book built issue was Rs 38-45 per share and was oversubscribed 30 times. The proceeds of the issue would be used to augment long-term capital requirements to implement growth plans and meet minimum capital requirement of Rs 300 crore, its managing director Rana Kapoor said.

DSP Merill Lynch and Enam Financial Consultants were the book running lead managers to the issue. Commenting on the business performance for quarter ended June 30, 2005, Kapoor said the credit expansion has maintained a 25-30% growth rate and the financial performance for Q1 would be announced by end of the month.

Listing of Equity Shares of Allcargo Global Logistics Ltd
24th June 2006: Trading Members of the BSE are hereby informed that effective from June 23, 2006, the equity shares of Allcargo Global Logistics Ltd (Scrip Code : 532749) are listed and admitted to dealings on the Exchange in the list of B1 Group Securities.

Ballarpur Industries launches $60mn FCCBs, bonds expected to be listed on the Singapore Stock Exchange
20th June 2005: Ballarpur Industries has floated a $60 million Foreign Currency Convertible Bond (FCCB) offering, with the bonds expected to be listed on the Singapore Stock Exchange. The offering was launched after market trading hours on June 17, 2005.

According to a release issued by Ballarpur Indsutries to the BSE, the bonds are convertible at a conversion price of Rs 180 per share, which is at a premium of 52.477% over the closing price of the company of Rs 118.05 on the NSE on June 17, 2005. While the bonds have a maturity of 5 years, it carries a zero coupon with a yield to maturity set at 6.30%.

The release further said that the proceeds would be used for capital expenditure, repayment of existing FCCBs and other permissible purposes in accordance with applicable law. JP Morgan is acting as the lead manager and sole bookrunner for this offering, the release added further.

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