Thursday, July 31, 2025

Creating liberating content

Attendees walk through an exposition hall at AWS re:Invent, a

Related News

Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images LONDON —

The Union Cabinet on Wednesday approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim

The United States has imposed a substantial 50 per cent tariff on semi-finished copper and copper-based imports from August 1, with reportedly limited consequences for India’s American exports in this

FMCG firm Hindustan Unilever Ltd (HUL) posted on Thursday a consolidated net profit increase of 5.97 per cent, reaching Rs 2,768 crore for the quarter ending June 2025, compared to

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images While Nvidia has been given assurances by

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1753939584.ef9a981 Source link

Trending News

The United States has imposed a substantial 50 per cent tariff on semi-finished copper and copper-based imports from August 1, with reportedly limited consequences for India’s American exports in this

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial

Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from

MUMBAI: Mukesh Ambani’s promoter group firms will invest Rs 15,825 crore in Jio Financial Services through a preferential allotment of up to 50 crore warrants, each priced at Rs 316.5.

NEW DELHI: Anticipating a good deal for Indian goods, M Rafeeque Ahmed, who leads the Farida Group, one of the largest leather and footwear exporters in the country, was headed

NEW DELHI: US President Donald Trump’s decision to impose 25% tariff on exports from India starting Aug 1 saw the thriving aerospace supply chain industry here, along with their big

Sebi clears IPOs worth Rs 20k crore after listing lull

Word Count: 609 | Estimated Reading Time: 4 minutes


Sebi clears IPOs worth Rs 20k crore after listing lull

MUMBAI: There are strong signs that after a lull of a few months, companies will hit the street to raise funds from investors. Markets regulator Sebi on Tuesday said it cleared six IPOs aiming to raise more than Rs 20,000 crore in total, including the Rs 12,500-crore offer by HDB Financial, which will be the biggest such issue ever by an NBFC. The total amount to be raised by these six companies could increase substantially since, in three of the six offers, the offer for sale (OFS) components have been defined in terms of the number of shares to be sold and not in terms of the quantum of money, papers filed by these companies with Sebi showed.HDB Financial is an arm of HDFC Bank. In the IPO, the private sector lender is selling stocks worth Rs 10,000 crore through the OFS channel, while the balance of Rs 2,500 crore is a fresh issue that will accrue to the NBFC.The other large-size issue that Sebi cleared last week was the Rs 5,000-crore offer by Dorf-Ketal Chemicals. This IPO is also a combination of a fresh issue (Rs 1,500 crore) and an offer for sale (Rs 3,500 crore). The company is an R&D and innovation-focused global manufacturer and supplier of specialty chemicals across the hydrocarbons and industrial supply chains.Sebi also gave its nod to the offer by Vikram Solar, a solar photovoltaic modules manufacturer, through which it plans to raise Rs 1,500 crore. In addition, through the OFS route, its shareholders are also selling nearly 1.75 crore shares in this offer. The regulator also cleared three more offers: by A-One Steel (Rs 650 crore), Shanti Gold, and Shreeji Shipping, the last two being only OFS issues.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account