Fincare SFB files DRHP for IPO of up to ₹1,330 cr
May 09, 2021
Rajeev Yadav, Chief Executive Officer of Fincare Small Finance Bank, (File photo) - The Hindu×
Fincare Small Finance Bank will be making an initial public offer (IPO) aggregating up to ₹1,330 crore, comprising fresh issue aggregating up to ₹330 crore and an offer-for-sale aggregating up to ₹1,000 crore by the promoter selling shareholder.
Fincare SFB proposes to utilise the net proceeds from the fresh issue towards augmenting its Tier-1 capital base to meet its future capital requirements, according to the bank’s Draft Red Herring Prospectus (DRHP).
The bank may, in consultation with Managers (to the IPO), consider a pre-IPO Placement aggregating up to ₹200 crore, the DRHP said.
Here’s why Zomato is reportedly cutting a $300 million cheque for Grofers
Sanchita DashMay 7, 2021, 10:08 IST
BCCL
Grofers, a company it was once planning to acquire.
Zomato had recently announced its $1.1 billion initial public offering plan, in which it had mentioned that it has kept the door open for future investments.
However, the $5.4 billion company is not a new player in the grocery segment.IPO-bound foodtech unicorn Zomato had a short-lived stint in grocery retail in 2020, but it looks like the Deepinder Goyal-led startup still has one eye on the sector. According to an
ET report, Zomato is in talks to invest $300 million in grocery delivery startup Grofers, a company it was once planning to
Nuvoco Vistas files initial papers with SEBI for ₹5,000-crore public issue
May 06, 2021
Nirma group co plans to raise ₹1,500 crore as fresh capital
Nuvoco Vistas Corporation, the cement company of Ahmedabad-based Nirma Group, has filed a Draft Red Herring Prospectus (DRHP) with the markets regulator to raise about ₹5,000 crore through an initial public offering (IPO). This marks the return of the group, helmed by billionaire Karsanbhai Patel, to the capital markets.
To pare debt
The IPO would comprise a fresh issue of up to ₹1,500 crore and an offer for sale (OFS) of up to ₹3,500 crore. The company will use the proceeds to repay borrowings of about ₹1,350 crore and for general corporate purposes, Nuvoco Vistas said in the DRHP. The promoters are Niyogi Enterprise and Karsanbhai K. Patel, it said.
5 hours ago
Info Edge, one of Zomato’s earliest and largest shareholders, will sell shares worth ₹750 crores in the upcoming initial public offering (IPO), regulatory filings revealed.
The food delivery company’s public offering is one of the most keenly anticipated IPOs and the company is expected to have a valuation of $6-$8 billion. The company filed a Draft Red Herring Prospectus (DRHP) today.
“The Board of Directors of the Company today considered and have given their approval to the Company to participate in the said Offer for Sale of up to such number of shares of Zomato Limited as would aggregate upto ₹ 7,500 million, the terms and conditions of which will be specified in the Draft Red Herring Prospectus, the Red Herring Prospectus and the Prospectus, and in certain other offer documents and agreements” – Info Edge
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Info Edge shares jump by 2.5% as markets cheer its move to sell ₹750 crore worth shares in the upcoming Zomato IPO
Info Edge shares jump by 2.5% as markets cheer its move to sell ₹750 crore worth shares in the upcoming Zomato IPO
Sanchita DashApr 28, 2021, 10:03 IST
Info Edge is one of the earliest backers of the $5.5 billion Zomato.BCCL/BI India
Info Edge is one of the earliest backers of Zomato, now valued $5.5 billion.
In a regulatory filing, Info Edge announced on Tuesday evening that it would sell ₹750 crore ($100 million) worth shares in Zomato’s IPO.
Further details would be shared with Zomato’s Draft Red Herring Prospectus, which the company is expected to file very soon.Info Edge announced on Tuesday evening that it would sell ₹750 crore ($100 million) worth shares in the upcoming initial public offering (IPO) of Zomato. The food delivery app is