Sebi chairman Tuhin Kanta Pandey on Friday affirmed that no obstacle will remain for the country’s largest stock bourse NSE to go ahead with its initial public offer (IPO). Asked whether the much-delayed IPO will happen before Diwali, the chief of the capital markets regulator declined to share any timeline. “There is no obstacle that … Read more
The festive lights have lifted the mood on Dalal Street, but apparently failed to light up Tracxn Technologies’ fate on Wednesday, just a day ahead of its listing on the bourses, if one goes by the grey market premium. According to market watchers, the company is witnessing negligible trades in the unofficial market as it … Read more
The cabinet approved a proposal to allow up to 20% foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) through the automatic route, a move that will facilitate the insurer’s upcoming initial public offer (IPO), said people with knowledge of the matter. The existing FDI policy has also been “simplified and enhanced” to … Read more
NEW DELHI: The initial public offer (IPO) of Sona BLW Precision Forgings (Sona Comstar) will hit Dalal Street on Monday. The auto component manufacturer is looking to raise about Rs 5,550 crore from the primary market. The issue comprises fresh issuance of equity shares, aggregating up to Rs 300 crore, and an offer for sale … Read more
KOLKATA: Life Insurance Corporation of India (LICI), which is preparing for its Initial Public Offer (IPO) despite volatility in the stock market, has already made a profit of Rs 13,000 crore from its equity portfolio till August this year, a top official said on Wednesday. The insurer has collected about Rs 87,300 crore of renewable … Read more
Mumbai: Ashok Soota-promoted Happiest Minds Technologies raised a total of Rs 315.91 crore from 25 anchor investors, ahead of the launch of its Rs 702-crore initial public offer (IPO) on Monday. The investors include Government of Singapore, Pacific Horizon Trust, Kuwait Investment Auth Fund, and nine mutual funds among many others. Here are the full … Read more