The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
Market experts said disruptions caused by the pandemic - to businesses as well as the filing process - and the sharp decline in valuations were the reasons behind fewer new companies wanting to tap the capital markets.
In 2017, a retired R&AW officer conveyed that Uttar Pradesh Chief Minister Yogi Adityanath was keen to get monarchy restored in Nepal and suggested that I support these efforts.
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
The $8.5 billion TVS Group received final approval for a family resettlement on February 4 from the National Company Law Tribunal (NCLT). It is an arrangement that is noteworthy because unlike many other corporate settlements this one was sorted out amicably and without any open conflicts.
June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
And yet the sham drags on for a couple of hours, accusing and amplifying everything in sight, to shoehorn its identity as a thriller, says Sukanya Verma.
The other three airlines that have been probed in this matter are SpiceJet, GoAir and Air India
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
Save Women's Sport Australasia, a group opposed to transgender women competing in women's sports, said Hubbard's selection was allowed by "flawed policy from the IOC".
Vadra launched Skylight Hospitality four months after the DLF shares got listed, amid complaints of inadequate disclosure from investor associations and former business partner Kimsuk Krishna Sinha.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
This Mohanlal suspense drama may well go down as yet another modern day classic, raves Joginder Tuteja.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
'Bypass Road goes around in circles and gets nowhere,' declares Sukanya Verma.
BJP president Amit Shah's influence in the Narendra Modi cabinet revamp was evident from the inclusion of Jagat Prakash Nadda, Rajiv Pratap Rudy, Mukhtar Abbas Naqvi and Rajyavardhan Singh Rathore.
The airline is gearing up to come out with an initial public offer.
The former IPL boss took to Twitter to claim that he met Priyanka Gandhi and her husband Robert Vadra in London last year.
Move aimed at giving more headroom to foreign investors.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
Markets regulator Sebi on Tuesday proposed to rationalise the definition of 'promoter group' and move to the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and other shareholders post an IPO. In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sough comments from public on the proposals till June 10.
Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as the ride-hailing company's revenue declined 65 per cent to Rs 689.61 crore amid COVID-19 induced lockdowns. As per regulatory documents filed by ANI Technologies - the parent company of Ola - it had logged standalone operating profit (profit before finance cost, depreciation, amortisation and tax (EBITDA)) of Rs 89.82 crore in FY21 on a standalone basis, while it had registered a loss of Rs 610.18 crore in the preceding fiscal year.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
It's like Agatha Christie walked into Roman Polanski's Chinatown conversing in Vishal Bhardwaj with a smattering of Brian De Palma for razzle-dazzle -- the upshot is mesmeric, raves Sukanya Verma.
Adding oomph to an ageing brand?. When the first wrinkles appear, the search for the fountain of youth must begin!
IndiGo has about 400 planes on order.
'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.'
Murder on the Orient Express offers intrigue worthy of Hercules Poirot's investigation and our time, feels Sukanya Verma.
Analysts question negative net worth because of dividend payout ahead of IPO.
About 55 per cent of the public offers that hit the market since 2008 are still trading below their issue price.
'In India, a really popular and well-entrenched leader is not defeated by a rival.' 'Such a leader has to defeat himself,' observes Shekhar Gupta.
Reports have suggested Rs 400-650 as the possible IPO price
'When you ask one of the established industrialists to execute a large project it is exactly the same as your not asking your neighbourhood dhaba-owner to cater at your daughter's wedding dinner which will be attended by a thousand guests,' notes T C A Srinivasa-Raghavan.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
The company plans to raise Rs 750 crore; other realtors may follow.
A diet rich in vegetables and fruits can help regulate blood pressure, reduce the risk of heart disease and stroke, prevent colon cancer, lower risk of eye and digestive problems, regulate diabetes and can help keep appetite in check, suggests Dr Eileen Canday.
'More than 95 percent of the players are happy with their contract and happy with their club; they want the kids to go to school, they have a normal life; so I don't think that will happen'
