Pavan Burugula

Articles By Pavan Burugula

86 Articles

Wadia group may field GoAir IPO by end 2017-18

Wadia Group-owned low-cost carrier GoAir’s initial public offering (IPO) is likely to happen by the end of FY17-18, while the airline is expected to finalise the global co-coordinators in the next three months.

Industry News

IPOs: 50% money raised in 2016 was for exit of shareholders

Although primary markets have witnessed initial public offerings(IPOs) worth more than `10,000 crore during CY16, the larger portion of money raised during the year has found its way to existing shareholders.

Endurance Technologies IPO News

Sebi snafus make it sitting duck for SAT

The Securities Appellate Tribunal (SAT) has rapped the Securities and Exchange Board of India (Sebi) at least half a dozen times over the last three months.

Markets News

IPOs of start-ups in India: Retail investors participation may get cleared

Sources privy to the development said instead of providing an exclusive platform for start-ups, Sebi is now planning to allow start-ups to list on the regular platform

IPOs of start-ups in India: Retail investors participation may get cleared

IPOs in India could hit Rs 20,000 cr mark; here’s why

If offerings are successful, money mopped up in primary markets could hit `20,000-cr mark

IPOs in India could hit Rs 20,000 cr mark; here’s why

Alternative Investment Funds coming to India? Here’s what you need to know

Markets regulator Sebi is learnt to be in process of creating a new category of Alternative Investment Funds(AIFs) to encourage long-term funds to use the AIF route to invest in the listed space.

Alternative Investment Funds coming to India? Here’s what you need to know

India Inc racking up a whopping 7 downgrades a day; here’s why

At seven a day in the last three months it's raining downgrades in Corporate India. Rating agencies have now lowered credit ratings for a whopping 665 companies since April...

Corporate growth News

Assets of PMS firms double to Rs 10.45 lakh cr, but number of portfolio managers plunges

AUMs of PMS companies double to Rs 10.45 lakh cr during May

Assets of PMS firms double to Rs 10.45 lakh cr, but number of portfolio managers plunges

Shares of Equitas, Ujjivan rally more than 50% since listing

Rally has been driven by foreign funds unable to participate in the listing as these issues were open only to domestic investors

Shares of Equitas, Ujjivan rally more than 50% since listing

IPO space eyes massive Rs 10,000 cr mark. Will it succeed?

After two months of lull, activity in primary markets has started to pick up as five initial public offerings (IPOs) with a combined value of more than `5,000 crore are set to hit markets in the next one month.

quess corp ipo News

What start-ups in India want from Sebi

Currently, a company needs 50% institutional ownership to launch an IPO. As per Sebi regulations, 50% of the pre-issue capital of a company must be held by qualified institutional buyers to qualify for fund-raising via IPO.

startup, startup india, working in startups, join a startup News

Here’s why foreign charities want Category II FPIs classification from Sebi

The Securities and Exchange Board of India (Sebi) has received requests from overseas charity and endowment trusts to classify...

SEBI News

Misuse of mechanism: Sebi Algo trading paper on norms by July end

The markets regulator may also propose a mechanism to separate algo orders and non-algo orders on stock exchanges to bring about parity between them

Misuse of mechanism: Sebi Algo trading paper on norms by July end

Listed company’s documentation may get simpler

Annual information memorandum likely to provide exhaustive info about a company

Listed company’s documentation may get simpler

Sebi ban on wilful defaulters may hit PE, VC-backed players

The issuer cannot make a public issue of shares, debt securities or non-convertible redeemable preference shares if the company or its promoters or directors figure on the list of wilful defaulters

Sebi ban on wilful defaulters may hit PE, VC-backed players

ELCs seek easier listing norms for BSE, NSE

Exclusively listed companies (ELCs) of regional stock exchanges are learnt to have approached the Securities and Exchange Board of India...

ELCs seek easier listing norms for BSE, NSE

Sebi may change start-up fund-raising norms

Advisory body PMAC will meet on May 30 to discuss changes to regulations

Sebi may change start-up fund-raising norms

Sebi plans to reduce IPO-listing gap

A reduction in the timeline will help limit risks related to market volatility that may unfold during the period

Sebi plans to reduce IPO-listing gap

Sebi to take up NR Narayana Murthy panel suggestions

Decision to send the committee’s recommendations on tax reforms for AIFs to finmin will be taken up in Sebi’s board meeting on May 20

Sebi to take up NR Narayana Murthy panel suggestions

FPIs see red over Madras High Court’s withholding tax ruling

Foreign portfolio investors (FPIs) have raised concerns over the recent verdict of the Madras High Court imposing the withholding tax on foreign funds investing through Cyprus.

FPIs see red over Madras High Court’s withholding tax ruling

Ratnakar Bank starts buyback from existing investors

In order to fast track its initial public offering (IPO) process, Ratnakar Bank (RBL) plans to give the exit option to its existing shareholders via buyback offer next week.

Ratnakar Bank starts buyback from existing investors

Sebi proposes cash benefits distribution via depositories

According to Sebi’s discussion paper, allowing distribution of cash benefits via depositories would help dispatch payments faster and will also help track payments efficiently

Sebi proposes cash benefits distribution via depositories

Tax demand against Vodafone exceeds its IPO size of Rs 13,000 crore

Vodafone India is likely to categorise the impending tax demand by the Indian government as a contingent liability of its promoter in the Draft Red Herring Prospectus (DRHP) of its initial share sale.

Tax demand against Vodafone exceeds its IPO size of Rs 13,000 crore

Will trading shift from NSE to Singapore exchange if SEBI regulates algo trading? Participants feel it will

The Securities and Exchange Board of India (Sebi) does not have jurisdiction over Nifty derivatives listed on SGX.

Will trading shift from NSE to Singapore exchange if SEBI regulates algo trading? Participants feel it will

BRLMs of Electrosteels’ IPO likely to challenge Sebi order in SAT

The book running lead managers (BRLMs) of Electrosteel Steels' (ECL) initial share sale are planning to challenge the orders passed by markets regulator Sebi in the Securities Appellate Tribunal (SAT).

BRLMs of Electrosteels’ IPO likely to challenge Sebi order in SAT

Mutual Funds upset about salary disclosure norms

Legal experts have raised concerns about the Sebi’s disclosure norms. Although the circular says the additional disclosures are to increase transparency, it does not specify the issue that is being addressed, a lawyer said

Mutual Funds upset about salary disclosure norms

Brokers to be hit as banks tighten eligibility norms

With a few banks having raised eligibility criteria for stockbrokers transacting with them, a fairly large number of brokers is likely to be hit. The new conditions laid down require a brokerage needs to have a minimum net wo

Brokers to be hit as banks tighten eligibility norms