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Officer's Choice Whiskey Maker, Allied Blenders & Distillers, Gets SEBI Approval For ₹1,500 Cr IPO; Check Details Here

Alied Blenders and Distillers Ltd., which makes Officer's Choice Whisky, announced on May 14 that it has been given the go-ahead by market regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). According to the DRHP, the initial share sale consists of a promoter OFS of shares valued at Rs 500 crore and a new issuance of equity shares valued at Rs 1,000 crore.
Neesha Kishore Chhabria Resham Chhabria Jeetendra Hemdev Bina Kishore Chhabria Resham Chhabria Jeetendra Hemdev Distillers Ltd

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cross-border payments: From Russian funds with love: Plan mooted to tap rupee balance in special accounts

Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investment in stocks and securities. Currently, 10 Russian institutions, including its largest lender, have registered as foreign portfolio investors (FPIs) with Sebi. However, they have made little investments due to US sanctions in the wake of Russias war with Ukraine.
Siddharth Shah Khaitan Co Can Russian Reserve Bank Cross Border Payments Russian Funds

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