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.
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.
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.
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
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.
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...
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.
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.
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
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.
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.
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
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.
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).
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
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