Ruchi Soya, owned by Patanjali Ayurved, managed to receive approval from the market regulator to raise Rs. 4,300 crores via a follow-on public offer or FPO. The said follow-on public offer will be launched to fulfill SEBI’s norm of at least 25% public shareholding in a listed company. Here’s more on this development. So, What’s …
An Overview The government and the Reserve Bank of India (RBI) were closely monitoring the impact of the US Federal Reserve’s interest rate hike, although domestic inflation was not a major issue at the moment because supply chain issues were being tackled, according to finance minister Nirmala Sitharaman. According to the finance minister, India was …
An Overview The government will shortly finalise the taxes issues of Indian companies’ overseas stock listings. Finance Minister Nirmala Sitharaman said on Monday that government departments have attended a handful of discussions on tax problems related to offshore listing and that the process had been “basically done.” Market participants have requested an exemption from capital …
16 August 2021 saw the debut of four companies at Dalal Street. To elaborate, Krsnaa Diagnostics, Exxaro Tiles, Windlas Biotech and Devyani International got listed on BSE and NSE. This listing preceded a strong IPO performance. Accordingly, it mounted anticipation on the performance of these stocks following their inclusion in the share market. Let’s look …
Paytm is gearing up for one of the biggest IPOs of this year, which is estimated to be worth around Rs. 16,000 crores. Ahead of this initial public offering, several senior executives of the company have applied to convert their ESOP or Employee Stock Ownership Plan into the company’s shares. According to several reports, this …
An Overview India will take six months to establish guidelines permitting companies to list on foreign exchanges, taking longer than some had anticipated as the finance ministry works out tax difficulties as per reports. The delay is expected to dampen the aspirations of investors as well as many Indian entrepreneurs, who pushed Prime Minister Narendra …
The proposed cryptocurrency legislation in India has been tabled before the Cabinet, the finance Minister has noted on Monday, according to reports. The approval of the Cabinet is being awaited, the minister added. Following the Cabinet nod, the Bill may come up for discussion in the next session of Parliament. Earlier, a panel was constituted …
The IPO frenzy of 2021 continues to take the stock market by storm. Keeping the buzz alive, recently, more than 8 companies have filed their DRHP with the market regulator, SEBI. To elaborate, CMS Info Systems, Latent View Analytics, Ixigo, Go Colors, Tracxn Technologies Ltd, Paradeep Phosphates, and Prudent Corporate Advisory Services have filed their …
Capital markets regulator SEBI has decided to mark a lien in demat accounts against shares of those who take part in tender offers that are made after securities are delisted or on open and buy back offers. Lien is the lender’s right to recover what is lent if the credit given to a borrower is …
An Overview On August 25, Finance Minister Nirmala Sitharaman will meet with heads of public sector banks (PSBs) to assess the institutions’ financial performance and progress in supporting the economy hit by the pandemic outbreak. The meeting with the MDs and CEOs of PSBs is regarded as crucial because of the banking sector’s relevance in …
