Royal Challengers Bengaluru (RCB) has been up for sale by their parent company, Diageo, just six months after ending a 17-year wait for their maiden Indian Premier League (IPL) title. In a filing to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 5 November, the UK-based spirits
In an effort to improve the efficiency and transparency of major trade execution, the Securities and Exchange Board of India (SEBI) has released a circular for the implementation of a revamped block deal framework for stock exchanges. In order to prevent price manipulation, the block deal mechanism permits pre-negotiated agreements
Groww, an online investing platform, has submitted a revised draft prospectus for an IPO of INR 6,000–7,000 crore to the Securities and Exchange Board of India (SEBI). The transaction would consist of an offer for sale (OFS) of 574 million shares valued at about INR 5,000–
SEBI announced changes on 12 September that will eliminate redundant paperwork for low-risk foreign investors such as sovereign wealth funds, central banks, and retail funds, and loosen minimum dilution requirements for IPO-bound businesses. The easing coincides with an increase in international outflows, which are being fuelled by high US tariffs,
Nine initial public offerings (IPOs) will be available for subscription on mainboard and SME platforms this week, making it a busy week for primary markets. Investor interest is booming, ranging from well-known brands like Urban Company to specialised firms in engineering, metallurgy, and retail. Some issues have a great hunger
The shareholders of Lenskart have given their consent for the company to raise INR 2,150 Cr ($248.7 Mn) through a new share offering as part of the first public offering (IPO). What’s Included in the Upcoming Lenskart IPO? A secondary offer for sale (OFS) component by current
For failing to give all stakeholders equitable access to corporate filings and to take action against brokers who make frequent changes during trading, capital markets regulator SEBI fined the BSE INR 25 lakh on 25 June. Following an inspection that took place between February 2021 and September 2022, the market
HDFC Securities, a broking firm, downgraded Swiggy from "add" to "reduce"; however, it raised its target price from INR 430 per share to INR 470. This would indicate a 9.2% decline from the stock's last closing price. Swiggy's stock closed on