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Inventia Healthcare files Rs 450-cr IPO papers with Sebi

3 hours ago  
Business / Business Standard/ General News  
Inventia Healthcare has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 450 crore through an initial public offering. The IPO comprises fresh issuance of equity shares worth up to Rs 125 crore, besides, an offer of sale up to 31,64,000 scrips by promoters and other shareholder, according to the draft red herring prospectus (DRHP) filed with Sebi. In the offer for sale, promoters --- Janak Shah and Maya Shah -- and private equity fund Jacob Balls will sell shares. Proceeds of the issue will be used for payment of outstanding borrowings availed by the company and for other general corporate purposes. "Our company intends to strengthen its capital base and expects to receive the benefits of listing of its equity shares on the stock exchanges, including among other things, enhance our visibility and provide liquidity to our shareholders," the firm noted. The initial public offer (IPO) is expected to fetch Rs 450 crore, merchant banking sources said. ICICI ....
                 

Goa: Ally GFP wants CM Parrikar to delegate powers

19 hours ago  
Business / Business Standard/ General News  
The Goa Forward Party (GFP), an alliance partner of the ruling BJP, said Thursday it does not favour leadership change in Goa, but the ailing Chief Minister Manohar Parrikar should delegate powers to other ministers. "We have never stressed leadership change. We are the ones who installed Parrikar as chief minister and we are with him always," GFP chief and state minister Vijai Sardesai said. Parrikar (62), who is admitted to the All India Institute of Medical Sciences (AIIMS) in Delhi, spoke to Sardesai over telephone this afternoon to discuss a certain administrative matter, an official said. Sardesai said that as Parrikar holds major portfolios, his illness has affected the administration. "If he delegates powers to other ministers, people will get justice and those who are talking about break-down of administration will stop," the GFP leader said. Earlier in the day, Health Minister and BJP leader Vishwajit Rane ruled out leadership change in the state. "Where is the ....
                 

CAG dismisses Guj govt's malnutrition figures

19 hours ago  
Business / Business Standard/ General News  
The Comptroller and Auditor General of India has said the Gujarat government has shown low number of malnourished children in the state by adopting different methodologies for calculation from those of World Health Organisation (WHO) and the National Family Health Survey (NFHS). The CAG report was tabled in the Gujarat Assembly on Wednesday. "The Gujarat government claimed (2015-16) 4.85 per cent and 0.65 per cent children in the state were moderately malnourished and severely malnourished respectively. "However, as per the National Family Health Survey (NFHS-4) of 2015-16 conducted by the (Union) Ministry of Health and Family Welfare, 38.50 per cent children were stunted, 26.40 per cent were wasted (moderately malnourished) and 39.30 per cent were underweight," the report said. "Thus, the claim made by the state government was not consistent with the findings of NFHS-4," the CAG report said. "In fact, the percentage of wasted children (under five years) in the state increased from .....