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- Indegene: Honasa Consumer Ltd, Indegene Ltd, and Vishnu Prakash R Punglia Ltd have received clearance from SEBI to raise funds via Initial Public Offerings (IPOs). Honasa Consumer's IPO consists of a fresh issue of equity shares
SEBI’s document showed that it issued observation letter to Honasa Consumer on July 28, 2023, almost seven months after it filed its DRHP
Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt, has put its initial public offering (IPO) on hold because of weak market conditions, reported Reuters quoting two people with direct knowledge of the matter said. -- aaa
Almost one and a half months after resigning from the suspended board of debt-ridden Future Retail Ltd, Kishore Biyani has withdrawn his resignation.
Biyani said FRL is was facing CIRP (Corporate Insolvency Resolution Process) as a "result of unfortunate business situation".