by AIP Online Bureau | Mar 21, 2023 | Indian News, Life, Regulation
The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) up to 141,299,422 equity shares by promoter and selling shareholders Bank of Baroda will offload about 89,015,734 equity shares, while Carmel Point...
by AIP Online Bureau | Mar 19, 2023 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation
”After the IPO fiasco following the listing of new age digital companies like PB Fintech , (the company behind the digital brand Policybazaar),Paytm, Zomato and Nykaa in which investors lost heavily, Sebi has tightened the approval norms for IPOs. This is...
by AIP Online Bureau | Feb 1, 2023 | Indian News, Non-Life
It is the second such setback for Digit’s listing ambitions. In a Jan. 30 letter issued by the Securities and Exchange Board of India (SEBI) seen by Reuters, the regulator said it was returning Digit’s IPO papers because the company did not comply with regulations by...
by AIP Online Bureau | Oct 22, 2022 | Indian News, Regulation, Wealth Management/ Philanthropy
BOB, India’s third largest PSU bank, holds 65 per cent stake in the company, followed by Warburg Pincus affiliate Carmel Point Investments India that owns 26 per cent stake and Union Bank of India that has 9 per cent shareholding Mumbai: Bank of Baroda-promoted...
by AIP Online Bureau | Oct 1, 2022 | Indian News, Non-Life, Regulation, Wealth Management/ Philanthropy
The Sebi was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations MUMBAI: India’s markets regulator will restart a review of a $440 million initial...
