RailTel Corporation of India is likely to finalise the share allotment of its initial public offering (IPO) in the coming week. According to the schedule provided in the prospectus, February 23, Tuesday, has been fixed as the day when the finalisation of share allotment will take place while around February 24 the shares will get credited to the Demat accounts of eligible investors. The company, on February 24, will also refund the money (if any to anchor investors) and unblock funds from the ASBA account.
The State-owned information and communications technology infrastructure provider witnessed a stellar response from investors to its IPO. It was subscribed 42.4 times during February 16-18, 2021. On February 26, the shares will start trading on the bourses.
Investors, who have bidded for the IPO, can follow the below-mentioned steps to check the share allotment status on the website of the IPO’s registrar that is KFin Technologies Private Limited or via the Bombay Stock Exchange (BSE) Website
How to check via KFin Technologies Private Limited
Step 1: From the official website select IPO (RailTel Corporation of India).
Step 2: You will get several options to choose from. In case you select Application Number then choose NON-ASBA or ASBA and enter the application number. And in the case of DPID/Client ID you need to select NSDL/CDSL, and enter DPID and Client ID. Similarly, in the case of PAN you need to enter PAN Number.
Step 3: Investors will need to enter the captcha mentioned in digits with green colour just above the captcha box.
Step 4: At last click on the submit button to know the IPO share allocation status.
How to check the application status on the BSE Website
Step1: On the BSE website select issue type (equity) and Issue Name (RailTel Corporation of India).
Step 2: You then need to enter the application number and PAN Number.
Step 3: At last click on the search button to know the IPO allotment status.
Airline CEOs, Biden Officials Consider Green-Fuel Breaks
Chief executives of the nation’s largest passenger and cargo airlines met with key Biden administration officials Friday to talk about reducing emissions from airplanes and push incentives for lower-carbon aviation fuels.
The White House said the meeting with climate adviser Gina McCarthy and Transportation Secretary Pete Buttigieg also touched on economic policy and curbing the spread of COVID-19 travel has been a vector for the virus. But industry officials said emissions dominated the discussion.
United Airlines said CEO Scott Kirby asked administration officials to support incentives for sustainable aviation fuel and technology to remove carbon from the atmosphere. In December, United said it invested an undisclosed amount in a carbon-capture company partly owned by Occidental Petroleum.
A United Nations aviation group has concluded that biofuels will remain a tiny source of aviation fuel for several years. Some environmentalists would prefer the Biden administration to impose tougher emissions standards on aircraft rather than create breaks for biofuels.
Biofuels are false solutions that dont decarbonize air travel, said Clare Lakewood, a climate-law official with the Center for Biological Diversity. Real action on aircraft emissions requires phasing out dirty, aging aircraft, maximizing operational efficiencies and funding the rapid development of electrification.
Airplanes account for a small portion of emissions that cause climate change about 2% to 3% but their share has been growing rapidly and is expected to roughly triple by mid-century with the global growth in travel.
The airline trade group says U.S. carriers have more than doubled the fuel efficiency of their fleets since 1978 and plan further reductions in carbon emissions. But the independent International Council on Clean Transportation says passenger traffic is growing nearly four times faster than fuel efficiency, leading to a 33% increase in emissions between 2013 and 2019.
The U.S. accounts for about 23% of aircraft carbon-dioxide emissions, followed by Europe at 19% and China at 13%, the transportation group’s researchers estimated.
The White House said McCarthy, Buttigieg and economic adviser Brian Deese were grateful and optimistic to hear the airline CEOs talk about current and future efforts to combat climate change.
Nicholas Calio, president of the trade group Airlines for America, said the exchange was positive.
Airlines are ready, willing and able partners, and we want to be part of the solution” to climate change, Calio said in a statement. We stand ready to work in partnership with the Biden administration.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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