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Shares of Info Edge (India) rose 5 per cent to Rs 5,626 on the BSE in intra-day trade on Monday after media reports said Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato. Info Edge held an 18.55 per cent stake in Zomato as of April 27, 201, according to Draft Red Herring Prospectus. The stock of Info Edge (India) has rallied 14 per cent in the past three trading days. Meanwhile, Info Edge has reconsidered its offer to sell shares worth Rs 750 crore in the upcoming IPO of Zomato. Info Edge, in a regulator...

In a consultation paper, the watchdog has also suggested streamlining the disclosures requirement of group companies. The Securities and Exchange Board of India (Sebi) has sough comments from public on the proposals till June 10. With regard to lock-in period, Sebi has proposed that if the object of the issue involves offer for sale or financing other than for capital expenditure for a project, then the minimum promoters' contribution of 20 per cent should be locked-in for one year from the date of allotment in the Initial Public Offer (IPO). Currently, the lock-in period is three years. ...

Sebi proposes to do away with ‘promoter’ term; moots ‘person in control’ concept SECTIONS Share Synopsis "The investor landscape in India is now changing. Unlike the past, the concentration of ownership and controlling rights does not vest completely in the hands of the promoters or the promoter group," Sebi said in a discussion paper on Tuesday. "There has been a significant increase in the number of private equity and institutional investors who invest in companies and take up substantial shareholding, and in some cases, control," Sebi said. Related Mumbai: India’s capital mark...

SEBI tells promoters to square crypto-currency investment before IPO February 22, 2021 The Securities and Exchange Board of India (SEBI) has informally told companies, bankers and securities lawyers currently preparing for their initial public offerings (IPOs) to ensure that promoters of entities sell any cryptocurrency holdings they may have prior to listing their companies on stock exchanges, the Economic Times reported. Over three weeks ago, the government announced that it would introduce The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will ban “private�...