Puravankara Projects Limited sets price band for $33 mn share issue

Company aims to sell 21.57 million shares to qualified institutional investors on Thursday.

Real estate developer Puravankara Projects Limited has set a price band of 80 rupees to 85 rupees for its up to 1.84 billion rupees ($33.2 million) share sale,it said in a statement late on Tuesday.

The company aims to sell 21.57 million shares to qualified institutional investors on Thursday.

Axis Capital,JP Morgan and Kotak Mahindra Capital Co are the book-running lead managers to the issue.

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Shares of Puravankara,valued by the market at about $371 million,ended at 95.65 rupees on Tuesday.

Earlier this month,DLF Ltd,India’s biggest real estate company by market value,raised about $337 million through a share sale to qualified institutional investors.

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As Taliban stamp presence at Embassy with their flag, old Afghan staffers fear reprisals

Taliban stamp their presence at Embassy with flag, old Afghan staffers fear reprisals

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Taliban's Foreign Minister held a press conference at the Afghanistan Embassy, where two members of the delegation raised their flag, while the old regime's flag still flew on the main flagpole. Women journalists were allowed to attend, signaling a change in policy. The Taliban asserted their presence and legitimacy on Indian soil, causing fear among Afghan staffers who may face retribution.

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