Silverline Technologies relisted on BSE

Dec. 7, 2007 - Silverline Technologies got re-listed on BSE on Thursday after its trading was suspended from November 13 in order to give effect to the reduction of capital and de-merger of its animation division.

The Rs 10-stock shot up to Rs 220 and finally closed at Rs 160.50, marking a 1,141 per cent gain over the last closing price of Rs 13 on the exchange. About 33-lakh shares changed hands.

Silverline Technologies has demerged its animation division into a separate unit. The new entity, Silverline Animation Technologies, will be listed on the BSE in two weeks. The equity of the new company has been valued at Rs 12 crore which is 4% of the parent company.

The animation company expects revenues of Rs 20-25 crore by the end of the first year. By 2010, the company is planning reach Rs 100 crore in sales.

The Rs 10-stock shot up to Rs 220 and finally closed at Rs 160.50, marking a 1,141 per cent gain over the last closing price of Rs 13 on the exchange. About 33-lakh shares changed hands.

Source Sify and DNA India

Check status of Edelweiss IPO allotment

Edelweiss Capital Limited IPO was oversubscribed by around 110.96 times (retail 17.2171 times).Edelweiss IPO Allotment Status is ready and you can check it here - Edelweiss IPO allotment

eClerx Services Ltd IPO Price band

The price band for eClerx Services Limited has been fixed at Rs 270 and Rs 315.

eClerx Services Limited, a provider of data analytics and customised process solutions to global enterprise clients from its offshore delivery centres in India, proposes to enter the capital markets with an initial public offering of equity shares of Rs 10 each through a 100 per cent book building proces

This Issue has been graded by CRISIL Limited and has been assigned the "IPO Grade 3/5" indicating average fundamentals, through its letter dated October 29, 2007.


The eClerx Services Limited IPO closes for subscription by investors on Friday - December 7, 2007.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Karvy Computershare Pvt Limited is the registrar to the issue. JM Financial Consultants Pvt Ltd and Edelweiss Capital Ltd are the book running lead managers to the issue.

Source : The Hindu