Arohan Financial Services, Dodla Dairy Get Sebi s Nod for IPO
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23
Arohan Financial Services, Dodla Dairy Get Sebi s Nod for IPO
PTI - 26 April 2021
Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi s go-ahead to float initial share-sales.
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday.
Sebi s observation is very necessary for any company to launch public issues like Initial Public Offer (IPO), follow-on public offer (FPO), and rights issue.
Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi s go-ahead to float initial share-sales.
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed.
Sebi s observation is very necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO), and rights issue. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore, as per market sources.
The public offer of the Aavishkaar Group promoted company comprises a fundraise through a fresh issuance of shares amounting to Rs 850 crore, according to Draft Red Herring Prospectus (DRHP). In addition, the company will have an offer for sale of 2,70,55,893 equity shares by Maj Invest Financial Inclusion Fund II K/S, Michael & Susan Dell Foundation, Tano India Private Equity Fund I
Zomato IPO: Info Edge to sell shares worth Rs 750 crore
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Zomato IPO: Info Edge to sell shares worth Rs 750 crore
TNN / Apr 27, 2021, 23:33 IST
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Zomato is expected to file the Draft Red Herring Prospectus (DRHP) for its IPO this week. (Representative image)
BENGALURU: Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform.
In a stock exchange filing on Tuesday night, it said the sale would be through a combination of fresh issue of equity shares by Zomato Limited and an offer for sale (OFS) by Info Edge.
Info Edge to tell stake worth Rs 750 crore in Zomato IPO
Zomato, which started operations as a restaurant review and discovery platform, is planning to raise $650 million to $1 billion through the primary stake sale
BusinessToday.In | April 28, 2021 | Updated 02:08 IST
Info Edge board of directors have approved sale of the company s stake worth Rs 750 crore in Zomato during the latter s upcoming initial public offering (IPO). The parent company will offload the shares via offer for sale. Zomato Limited is proposing an IPO of its Equity Shares, comprising a fresh issue of Equity Shares by Zomato Limited and an Offer For Sale by Info Edge (India) Limited, Info Edge said in a regulatory filing on Tuesday.
Info Edge to sell Rs 750 crore Zomato shares in upcoming IPO indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.