New Delhi, Jan 11 (PTI) Federal Bank subsidiary Fedbank Financial Services Ltd (FedFina) has initiated the process of an initial public offering (IPO), the bank said on Tuesday. The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by [...]
New Delhi, Jan 11 (PTI) Organic food company Sresta Natural Bioproducts Ltd has filed preliminary documents with capital markets regulator Sebi to raise Rs 500 crore through an initial share-sale.The initial public offering (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore and an offer-for-sale of up to 70,30,962 equity shares [...]
New Delhi, Jan 10 (PTI) Non-banking financial company Five Star Business Finance and solar energy player Waaree Energies have received capital markets regulator Sebi's go-ahead to raise funds through initial share-sales. The two companies, which filed their preliminary IPO documents with Sebi between September and November, obtained its "observations" letter during January 3-7, an update [...]
Allegedly, BharatPe’s co-founder and MD Ashneer Grover and his wife had missed out on Nykaa’s IPO due to a lack of margin funding from Kotak Mahindra Bank and wanted Rs. 500 crore in damages. An audio clip emerged on social media on January 5th, 2022. Apparently, Grover was found hurling expletives and death threats to [...]
New Delhi, Jan 10 (PTI) Pure-play data analytics and insights compay Course5 Intelligence Ltd has filed preliminary documents with markets regulator Sebi to raise Rs 600 crore through an initial share-sale. The initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an Offer For Sale of [...]
New Delhi, Jan 9 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) will soon try to approach the Union Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Sunday. DPIIT Secretary Anurag Jain said the [...]
Kochi, Jan 7 (PTI) The seventh edition of Seeding Kerala, the Kerala Startup Mission's (KSUM) flagship initiative to attract angel investors, high net worth individuals (HNIs) and leading investors by showcasing investment opportunities in startups, will be held here on February 2 and 3, a release said on Friday. The two-day event, hosted by the [...]
New Delhi, Jan 7 (PTI) Life insurers' collective new business premium income stayed nearly flat from a year ago at Rs 24,466.46 crore in December 2021, data from Irdai showed on Friday. The new business premium, or the first year premium, of 24 life insurance companies had stood at Rs 24,383.42 crore in December 2020. [...]
New Delhi, Jan 7 (PTI) Finance Minister Nirmala Sitharaman on Friday reviewed the progress of the planned disinvestment of the country's largest insurer LIC. The initial public offering (IPO) of Life Insurance Corporation (LIC), touted to be the biggest ever in the country's history, is expected to hit the markets by March. "Union Finance Minister [...]
New Delhi, Jan 7 (PTI) Yarn manufacturer Sanathan Textiles has filed preliminary documents with markets regulator Sebi to raise as much as Rs 1,300 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 500 crore and an offer-for-sale of up to 1.14 crore equity [...]
