For its initial public offering (IPO), insurtech startup Turtlemint has submitted an updated draft red herring prospectus (UDRHP) to the Securities Exchange Board of India (SEBI). A new issue of equity shares up to INR 660.7 Cr and an offer-for-sale (OFS) component of up to 2.86 Cr shares
In connection with Yes Bank's 2022 share sale, SEBI has accused current and former officials at PwC and EY's Indian divisions of violating insider trading regulations. US private equity firms Advent International and Carlyle Group were also implicated in this infraction, according to a classified SEBI
According to many media reports, market regulator Securities and Exchange Board of India (SEBI) approved UPI payments market leader PhonePe's initial public offering (IPO) on January 20. PhonePe hopes to generate about INR 12,000 crore (or $1.35 billion) through a pure OFS or offer for sale.
Reliance Industries Limited (RIL), the parent company of Jio, has stated that once regulatory checks and balances are in place, the public offering is anticipated to take place in the upcoming months. Anshuman Thakur, SVP of Strategy & Planning at RIL, stated on the firm's Q3 earnings call
Kissht has received approval from SEBI, the market regulator, to move forward with its public offering. According to the most recent information on the SEBI website, OnEMI Technology, the parent company of the firm, received observations from the regulator on January 8. Issuing observations is a "green light"
The draft red herring prospectus (DRHP) that Captain Fresh submitted to the Securities and Exchange Board of India (SEBI) has been formally withdrawn. Utham Gowda, a cofounder of Captain Fresh, acknowledged in an interview with a media outlet that the company had temporarily paused its listing attempt due to unexpected
According to multiple media reports, Zepto has submitted preliminary documents to markets regulator SEBI in order to raise INR 11,000 crore through a confidential initial public offering (IPO) on 27 December. In order to become one of the newest businesses to make their debut on Indian exchanges, the company
SEBI has taken its most severe action to date against a financial influencer, ordering the impoundment of INR 546 crore and barring Avadhut Sathe, the founder of the Avadhut Sathe Trading Academy (ASTA), from the securities market. According to the authority, this money was obtained by deceiving thousands of ordinary
According to a Bar & Bench story, office space company WeWork India received significant relief on December 1st when the Bombay High Court maintained the Securities and Exchange Board of India's (Sebi) licence for its 3,000 crore initial public offering (IPO). The report also stated that petitioner
After capital markets regulator SEBI approved Fractal Analytics' initial public offering (IPO), India is about to see its first real AI startup listed on the public markets. The company is comparable to Palantir, the US-listed analytics and decision-intelligence corporation, and has spent 25 years developing a global enterprise AI
CAMS (Computer Age Management Services Limited), a registrar and transfer agent, is placing a significant wager on automation, cloud-native operations, and artificial intelligence (AI) with CAMSLens, an in-house AI-powered platform that will revolutionise the way regulatory compliance is applied throughout the financial ecosystem. Real-time contextual analysis of recently issued regulatory
A public notice alerting investors against digital gold, or e-gold, products offered by several online platforms has been released by the Securities and Exchange Board of India (SEBI). The regulator clarified that although certain gold investment choices fall under its purview, a large number of digital gold products are not
Capillary Technologies has submitted the red herring prospectus (RHP) for its initial public offering (IPO), which includes an offer for sale (OFS) of up to 92.29 lakh shares and a fresh issue of up to INR 345 Cr. Bidding for the IPO will begin on November 14 and end
In an exchange statement on 25 October, Ola Electric Mobility stated that the board had authorised funding up to INR 1,500 crore through the issuance of securities. A plan to raise money through the issuance of shares or convertible securities, including warrants, through rights issues, qualified institutional placements, private
According to documents published on the Securities and Exchange Board of India's (Sebi) website, Flipkart-backed logistics company Shadowfax Technologies has been given the go-ahead to move on with its IPO. In the week ending October 10, Sebi released its comments regarding the company's pre-filed draft. In
Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), announced on 11 October that the market watchdog is simplifying regulatory procedures to facilitate NRI investments in Indian equities markets. In order to eliminate the need for NRIs to return to India in order to fulfil
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
Reliance Infrastructure Ltd. and Reliance Power Ltd.'s shares are under scrutiny on 7 October following their clarification of SEBI show-cause notifications regarding suspected violations of the SEBI Act of 1992 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. Reliance Power stated in a filing
On October 10, Canara HSBC Life Insurance Company will make its first public offering. On October 14, the initial public offering (IPO), which would be an offer-for-sale (OFS) of 23.75 crore shares, will close. A day before the debut, the company will provide anchor investors a portion of the
The Securities and Exchange Board of India (SEBI), which oversees the Indian market, has rejected claims made by US short seller Hindenburg Research against Gautam Adani, the chairman of the Adani Group, and the group's businesses, Adani Enterprises, Adani Ports, and Adani Power. The organisation was accused by
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,
In a consultation paper published on August 18, the Securities and Exchange Board of India (SEBI) suggested expanding the flexibility of minimum public shareholding (MPS) and minimum public offer (MPO) for businesses looking to list with the goal of "simplifying fundraising by issuers in India". Key Highlights from
In order to acquire money through an initial public offering (IPO), Tata Capital, the main financial services provider for the Tata Group, has submitted draft documents to SEBI, the capital markets regulator. The IPO's entire offer size is 47.58 crore shares, of which 21 crore will be