Markets regulator Sebi is proposing to overhaul the SME (small & medium enterprises) IPO process through some drastic changes that aim to make the segment safer for investors, increase compliance requirement on companies and also increase the cost these entities to remain listed. Among several proposals in a consultation paper, select ones deal with increasing … Read more
As per speculation reports in most newspapers, Reliance is getting set for the telecom business IPO in 2025. Retail is rumoured to target later. Company has not officially confirmed this and has chosen not to respond. Telecom and Retail IPOs are much awaited developments from Reliance. In 2019, Reliance had informed to target for both … Read more
Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India, according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly $20 billion valuation, sources previously told Reuters. This would make it the first carmaker to go … Read more
Godrej Capital (GCL), the financial subsidiary of Godrej Industries (GIL) was started in 2020. Since then it has been providing home loans in select geographies. It is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). The business is ramping up nicely and GIL has now shared the following … Read more
“Maybe a year or two from now. So once we reach a certain scale, we will do it. Maybe general first, then life next,” Shriram Finance’s Executive Vice Chairman Umesh Revankar said. “Both are doing well. They are profit-making from inception. We have not added any capital in both the companies,” he further added. Shriram … Read more
SMFG India Credit Company Ltd is looking at a capital infusion of up to Rs 2,000 crore from its parent—Japanese financial services group SMFG—till 2026 to support future growth in India. The business plans factor in possible inclusion in the upper layer list of finance companies, requiring the listing of equity shares on bourses. Its … Read more
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares. 3 min read Last Updated : Jul 28 2024 | 1:54 PM IST Electric two-wheeler company Ola Electric Mobility will float its initial public … Read more
Indian health insurer Niva Bupa has filed for an initial public offering (IPO) to raise up to Rs 3,000 crore (nearly $360 million), draft papers showed on Monday. The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to Rs 8 crore as part of the offering. … Read more
The Cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said, a change aimed at easing the listing of the state-run insurer. India’s biggest insurance company plans to float a stake of 5% to raise about $8 billion next … Read more