initial public offers

Ahead of IPO, KFin Tech collects Rs 675 crore from anchor investors

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Ahead of IPO, KFin Tech collects Rs 675 crore from anchor investors

New Delhi: Financial services platform KFin Technologies has raised Rs 675 crore from anchor investors days before its initial share-sale. The company has decided to allocate over 1.84 crore equity shares to 44 funds at Rs 366 apiece, aggregating the transaction size to Rs 675 crore, according to a circular uploaded on BSE website on … Read more

Govt eases listing norms for companies having over Rs 1 lakh cr m-cap

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NEW DELHI: Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC. Such entities … Read more