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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Croatian fertiliser firm Petrokemija on Tuesday completed the first round of an up to Kn500m ($90m) capital raise that it hopes will help it grow its business. -
India’s Department of Disinvestment is seeking out banks to arrange a Rp29.9bn ($500m) stake sale in NHPC, according to a July 21 filing.
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The Indian government announced on July 16 that it is looking to sell a 5% stake in Oil and Natural Gas Corp in a move that could beef up its coffers by around Rp174bn ($2.9bn) based on the current share price.
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The HK$7.9bn ($1bn) rights issue by HKT Trust was approximately 99.4% covered by existing shareholders, according to July 16 exchange filing by the company.
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Italian retail real estate manager Immobiliare Grande Distribuzione (IGD) will raise up to €200m through capital increases by March 2015 to finance its acquisition of a portfolio of shopping centres.
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Construction firms Jaiprakash Associates and GMR Infrastructure took advantage of a buoyant Indian equity market by raising Rp15bn ($250m) each on July 3 via qualified institutional placements.
