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Insider trading case: Sebi levies Rs 1.05 cr fine on Indiabulls Venture


The firm is currently known as Dhani Services.
The former non-executive director, Pia Johnson, and her husband, Mehul Johnson, violated the Prohibition of Insider Trading (PIT) norms by trading in firm s scrip while in possession of unpublished price-sensitive information (UPSI) when the trading window ought to have been closed.
Mehul was also an employee of Indiabulls Real Estate Ltd (IREL) and has association with Indibulls Group companies.
Pia and Mehul made collective gains of Rs 69.09 lakh. The investigation period is January-November 2017.
For violation of insider trading norms, Pia and Mehul Johnson are facing a fine of Rs 25 lakh each.
In March 2017, the company told the NSE that Indiabulls Distribution Services Ltd, a wholly-owned subsidiary of Indiabulls Venture, had signed a definitive agreement to sell its 100 per cent stake in India Land and Properties Ltd, at a consideration of Rs 685 crore, to Indiabulls Infrastructure Ltd, a wholly-owned s ....

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Blackstone-backed auto parts maker Sona BLW gets SEBI nod for $817m IPO


Blackstone-backed auto parts maker Sona BLW gets SEBI nod for $817m IPO
IPO
May 12, 2021
Private equity firm, Blackstone Group Inc, promoted automotive component manufacturer, Sona BLW Precision Forgings Limited on Tuesday received consent from capital markets regulator SEBI for the initial public offering through which it plans to raise ₹6,000 crore.
“The public offer comprises of a fund raise via a fresh issuance of shares amounting to Rs. 300 cr and Rs. 5,700 cr through an offer-for-sale by shareholder Singapore VII Topco III Pte Ltd., an affiliate of The Blackstone Group Inc.,” the company said in a statement.
Kotak Mahindra Capital Company Ltd, Credit Suisse Securities Pvt Ltd, J.P. Morgan India Pvt Ltd, JM Financial Ltd and Nomura Financial Advisory and Securities Pvt Ltd are the book running lead managers for the share sale. ....

United States , Renault Nissan , Maruti Suzuki , Securities Pvt Ltd , Ashok Leyland , Credit Suisse Securities Pvt Ltd , Pte Ltd , Kotak Mahindra Capital Company Ltd , Jm Financial Ltd , Blackstone Group Inc , Jp Morgan India Pvt Ltd , Mahindra Capital Company Ltd , Suisse Securities Pvt Ltd , India Pvt Ltd , Nomura Financial Advisory , Original Equipment Manufacturers , North American , Passenger Vehicles , Commercial Vehicles , Mahindra Electric , Volvo Eicher , ஒன்றுபட்டது மாநிலங்களில் , ரெநோ நிசான் , மாருதி ஸஸூகீ , பத்திரங்கள் பிரைவேட் லிமிடெட் , அசோக் லேலண்ட் ,

Sona Comstar receives SEBI nod for ₹6,000 crore IPO - The Hindu BusinessLine


Sona Comstar receives SEBI nod for ₹6,000 crore IPO
May 11, 2021
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The automotive technology company is into designing, manufacturing and supply of mission-critical automotive systems and components.
PE firm Blackstone-promoted automotive supplier Sona BLW Precision Forgings Ltd has received capital markets regulator’s approval for its ₹6,000-crore initial public offering (IPO).
The public offer comprises a fundraise through the issuance of new shares of up to ₹300 crore and ₹5,700 crore through an offer-for-sale by shareholder Singapore VII Topco III, an affiliate of The Blackstone Group.
More
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Between FY16-20, the company total operating income grow at a compounded annual growth revenue of 10.9 per cent. ....

Renault Nissan , Maruti Suzuki , Securities Pvt Ltd , Precision Forgings Ltd , Ashok Leyland , Credit Suisse Securities Pvt Ltd , Kotak Mahindra Capital Company Ltd , Blackstone Group , Jm Financial Ltd , Jp Morgan India Pvt Ltd , Forgings Ltd , Mahindra Capital Company Ltd , Suisse Securities Pvt Ltd , India Pvt Ltd , Nomura Financial Advisory , Original Equipment Manufacturers , Mahindra Electric , ரெநோ நிசான் , மாருதி ஸஸூகீ , பத்திரங்கள் பிரைவேட் லிமிடெட் , ப்ரிஸிஶந் மன்னிப்பு லிமிடெட் , அசோக் லேலண்ட் , கடன் ஸ்யூயி பத்திரங்கள் பிரைவேட் லிமிடெட் , கோட்டக் மஹிந்திரா மூலதனம் நிறுவனம் லிமிடெட் , கருப்பு கல் குழு , ஜ்ம் நிதி லிமிடெட் ,