In a decisive move toward its long-delayed stock market debut, the National Stock Exchange of India (NSE) has earmarked Rs 1,300 crore to settle regulatory cases pending with the Securities and Exchange Board of India (Sebi), clearing one of the biggest hurdles in its nine-year-long pursuit to list on Dalal Street. The country’s largest bourse … Read more
Vikran Engineering, backed by The Wealth Company, Ashish Kacholia and Mukul Aggarwal, has raised Rs 232 crore from anchor investors ahead of its Rs 772 crore IPO that opens on Tuesday. The company informed the exchanges that it allotted 2,38,76,287 equity shares at Rs 97 apiece to a group of 14 anchor investors. The anchor … Read more
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
India’s largest stock exchange is awaiting clearance from the securities regulator to proceed with its public listing plans, according to Chief Executive Officer Ashish Kumar Chauhan. The National Stock Exchange of India Ltd., whose initial public offering has faced delays since it initial filing in 2016, needs approval from the Securities and Exchange Board of … Read more