Biocon shares gain 3% as arm Syngene gets Sebi nod for IPO
As per the draft papers, the company plans to sell 22 million equity shares, including reservation of up to two million shares for Biocon shareholders, through an offer for sale. Of the total shares on offer, 50 percent has been reserved for qualified institutional buyers, 15 percent for high net worth individuals and the rest for retail investors.
Jun 16, 2015, 12:41 PM IST
Compact Lamps targets Rs 1,000 cr sales in 3 yrs
"After being a original equipment manufacturer (OEM) for leading lighting companies in India, we decided to launch our own brand Orkus. We are targeting a turnover of Rs 1,000 crore in three years for the company and expect Orkus to contribute 30 percent of sales," Compact Lamps Managing Director Kapil Gupta told PTI.
Jun 12, 2015, 15:49 PM IST
