After completing the first post financial crisis IPO in the UAE earlier this year, Insurance House has officially launched its operations, listed its shares on ADX under the ticker symbol "IH" earlier last month, and opened up shareholding to foreigners to an extent of 25 per cent of the company's paid-up equity share capital
If the Pre-IPO Placement is completed, the Issue size offered to the public would be reduced to the extent of such Pre-IPO Placement, subject to a minimum Issue size of 10% of the post-Issue paid-up equity share capital
being offered to the public.
Almost all of ABHSL's equity share capital
is owned by Birla Group Holdings Ltd, while ABHSL's preference share capital of Rs.900 million is owned by the Aditya Birla group companies.
Moreover, the company said in a separate statement that it has acquired 10,000 equity shares of Rs 10 each comprising the entire issued and paid-up equity share capital
of Piombino Steel Limited from JSW Techno Projects Management Limited.
The firm said, 'The board of directors of HDFC Standard Life Insurance Company Limited (HDFC Life), a material non listed subsidiary of the Corporation, at its meeting held on April 18, 2016, approved taking steps to initiate the process for an initial public offer (IPO) by way of offer for sale by the Corporation, up to 10 percent of the paid - up and issued equity share capital
of HDFC Life.'
Piramal has agreed to purchase approximately 5.5% of Vodafone India's issued equity share capital
from ETHL Communications Holdings Limited ("Essar") for approximately INR30.07bn in cash.
Disney, which at present owns some 50.44% of UTV's current paid-up equity share capital
, has offered to buy all units currently held by the public for up to INR1,000 (USD22.61/EUR15.62) apiece, the Indian company said in a statement on Tuesday.
Its shares upon listing will be open to foreign ownership up to 20 per cent of the company's paid-up equity share capital
, a senior company executive said in Abu Dhabi late on Sunday.
The paid-up equity share capital
of the Company was ' 290 million and the Reserves and Surplus were approximately ' 9,351 million as at September 30, 2010.
Currently, M&M holds 51% of the equity share capital
10 per cent of Aluminium Bahrain's total outstanding equity share capital
was sold by Mumtalakat, the investment company of the Kingdom of Bahrain.