Udaan gets NCLT nod for biz consolidation ahead of potential IPO, ET LegalWorld
Representative Image B2B e-commerce platform Udaan has received NCLT approval for the consolidation of its various business entities including its technology platform, distribution and logistics services and wholesale trading into one entity – Hiveloop Ecommerce, sources aware of the development told ETRetail. With a unified entity the company is aiming for simplifying its operations, especially […]
Edu loan provider Credila Financial Services files IPO papers with Sebi, ET LegalWorld
Education loans-focused lender Credila Financial Services Ltd, formerly known as HDFC Credila Financial Services Ltd, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). In a […]
SME IPO listing rules, Insider trading on the agenda, ET LegalWorld
The Securities and Exchange Board of India (SEBI) is expected to hold a crucial board meeting today, 18th December 2024, to discuss significant regulatory reforms, including tightening regulations for small and medium enterprise (SME) IPO listings and expanding insider trading norms, sources told ET Now. SME Listing One of the key areas of focus is […]
Sebi asks merchant bankers to upload IPO documents on exchange’s repository platform, ET LegalWorld
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials. However, such documents must be available for the purpose of supervisory functions of […]
SEBI investigating role of merchant banker of cancelled Trafiksol ITS Technologies’ IPO, ET LegalWorld
The Securities and Exchange Board of India (SEBI) has initiated an investigation into the role of Ekadrisht Capital Private Limited, the sole book-running lead manager (merchant banker) for the now-cancelled IPO of Trafiksol ITS Technologies Ltd. The regulatory body’s action stems from serious concerns regarding alleged irregularities in the IPO process and the company’s disclosures. […]
Niva Bupa gets SEBI nod for Rs 3,000 crore IPO, Legal News, ET LegalWorld
Niva Bupa Health Insurance on Monday said it has received final approval from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 3,000 crore through an initial public offering (IPO). Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June […]
Sebi orders probe into Trafiksol IPO disclosures; halts listing on BSE SME platform, ET LegalWorld
Markets regulator Sebi on Friday decided to conduct a detailed investigation into the disclosures made by SME firm Trafiksol ITS Technologies Ltd in its draft IPO documents and instructed BSE not to proceed with the company’s share listing. In its interim order, Sebi has asked BSE to ensure that the IPO proceeds are kept in […]
BlackBuck gets Sebi clearance for proposed IPO, ET LegalWorld
The Securities and Exchange Board of India (Sebi) has granted clearance to Flipkart-backed truck aggregator platform BlackBuck for its proposed initial public offering (IPO), according to a notification on the regulator’s website. The Bengaluru-based company had filed its draft red herring prospectus (DRHP) with Sebi in July for its IPO through which it plans to […]
Sebi keeps JSW Cement’s Rs 4,000-cr IPO in ‘abeyance’, Legal News, ET LegalWorld
Capital markets regulator Sebi has put on hold the proposed Rs 4,000-crore initial public offering (IPO) of JSW Cement. Without specifying reasons, Sebi stated that the “issuance of observations (has been) kept in abeyance,” according to an update on its website on Monday. JSW Cement, part of the diversified JSW Group, filed the preliminary IPO […]