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DB Corp IPO subscribed 14.60 times on final day
The initial public offer of DB Corp, publishers of Hindi daily Dainik Bhaskar, has received an overwhelming response from investors and got subscribed 14.60 times on the final day of the issue today.

Parliament collapses
It makes you wonder about India’s ‘vibrant democracy’

News of the day

Godrej may buy some Sara Lee International assets
Godrej Consumer Products Ltd, India’s second-biggest soap maker, may acquire some of Sara Lee Corp’s international businesses, including the US company’s stake in its Indian joint venture.
Management

UK promoters make delisting offer for Avery India

Weighing automation solutions provider Avery India today said its UK-based promoters will make an offer for acquiring about 22 per cent stake in the company from the public shareholders. AV Co 3 Ltd, the promoter group firm of Avery India, has made an offer to the shareholders of Essar Steel for acquiring the remaining 21.72 per cent stake, comprising over 21.35 lakh shares in the company, Avery India said in a filing to the Bombay Stock Exchange.


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