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Paytm IPO: Paytm seeks Sebi nod for Rs 16,000 crore IPO

Synopsis Paytm parent One97 Communications has filed a draft red-herring prospectus (DRHP) with Sebi to raise Rs 16,600 crore ($2.2 billion) in what will be the biggest Indian initial public offering (IPO) in at least a decade. Founded by Vijay Shekhar Sharma, Paytm is currently the second most valued Indian startup at $16 billion. Mumbai | Bengaluru:Paytm has filed a draft prospectus with the capital markets regulator to raise Rs 16,600 crore ($2.2 billion) in what will be the biggest Indian initial public offering (IPO) in at least a decade. The Paytm IPO will comprise equally of a fresh issue worth Rs 8,300 crore ($1.1 billion) as well as a secondary issue or an offer for sale of the same size, the Noida-based fintech firm has told the Securities and Exchange Board of India (Sebi).

PNB Housing Finance to remain under lens: Sebi

PNB Housing Finance to remain under lens: Sebi SECTIONS Share Synopsis Whether the deal goes through or not, the board approval in itself will have “legal consequences,” Sebi told the tribunal. The case will be heard again on Monday, when PNB Housing will get to counter Sebi’s arguments. Agencies PNB Housing said the matter was sub judice and it couldn’t comment. “As you are well aware that the issue of capital raise deal by the company is being heard by the honourable SAT. PNB Housing Finance’s troubles may not end with the Securities Appellate Tribunal (SAT) verdict assuming this goes in favour of the company on the pricing of the ₹4,000 crore preferential allotment to the Carlyle Group. The Securities and Exchange Board of India (Sebi) told the SAT on Friday that it intends to investigate the role of PNB Housing’s directors and the company management regardless of the SAT ruling.

Ruchi Soya eyes Rs 1,000 crore revenue from exports in 3 years; will rope in celebrities to deepen r- The New Indian Express

Ruchi Soya eyes Rs 1,000 crore revenue from exports in 3 years; will rope in celebrities to deepen r- The New Indian Express
newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.

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