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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. Arohan Financial Services plans to raise between Rs 1,750 crore and Rs 1,800 crore,...

Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares. Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-st...

Read more about Grab to unveil world's biggest SPAC merger, valued at nearly $40 bn: report on Business Standard. The deal for Grab, which was valued at just over $16 billion last year, will be a big win for its early backers such as SoftBank Group Corp and China's Didi Chuxing.

Aditya Birla Sun Life AMC, India’s fourth largest asset management company (AMC), is considering launching an initial public offering (IPO), said its parent firm on Wednesday, joining a slew a fund houses that listed recently. “The board of directors of Aditya Birla Capital at its meeting held on March 17, 2021, have provided in principle approval to explore an initial public offering of Aditya Birla Sun Life AMC, a material subsidiary of the company subject to market conditions, receipt of applicable approvals and other considerations,” said Aditya Birla Capital in a stock exchange no...

A city-based entrepreneur, who tasted great success after a game developed by his company became wildly popular and topped a worldwide ranking for a brief period in 2019, is mulling to list his startup venture on the London Stock Exchange. Funcell Games and two other group companies created eight games that help the entity gain popularity in the US and the UK, the firm's promoter and CEO Abhishek Malpani said. "The flagship game of the company has been 'Idle Human' which topped the world ranking in the industry for seven consecutive days in August 2019 and is popular in the US, the UK, Aus...