Non-banking financial company Five Star Business Finance had received capital markets regulator Sebi’s go-ahead to raise funds through initial share-sales. It had filed their preliminary IPO documents with Sebi in September and obtained its “observations” letter during January 3-7. The company is backed by bunch of investors like TPG, Matrix Partners, Norwest Ventures, Sequoia
Course5 Intelligence has filed draft red herring prospectus with the capital markets regulator SEBI, to raise funds through initial public offering (IPO). The company to mop up Rs 600 crore via public offer that consists of fresh issuance of shares worth Rs 300 crore and an offer for sale of
Reliance Industries said late Saturday that it has entered a pact to acquire Mandarin Oriental, a premium luxury hotel in New York, for an equity consideration of around $98.15 million. It is a Strategical decision by reliance to diverse its business in hospitality. The company already had investments in EIH (Oberoi Hotels)
Sanathan Textiles has filed draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise funds via initial public offering (IPO). The company is expected to raise Rs 1,200-1,300 crore through its IPO. Their IPO comprises of fresh issue worth Rs 500 crore and an offer for sale of 1.14
Reliance Retail has led a $240 million funding round in quick commerce firm Dunzo, according to a statement by the company. Reliance Retail said with an investment of $200 million it will own 25.8% stake in the Bengaluru-based startup. Dunzo’s existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also
Bazar India, one of the leading retail brands and India’s fastest growing fashion and lifestyle company has raised Rs25 crore in Series A funding on Planify Capital Platform. It will utilize its funds for expanding its team, marketing and branding, funding expansion plans and platform advancement. The Company has a PAN India presence
Despite marquee institutional investors trimming stake in National Stock Exchange – NSE due to uncertainty over its proposed initial public offering, the unlisted shares of the exchange operator have risen nearly 7% in the last few days. NSE’s share price in the unlisted space has seen a dramatic rise in
includes a primary issue of stock worth as much as Rs 630 crore, and an offer for sale wherein existing shareholders will offload up to 43.11 million shares. Investors who are likely to sell stake include TPG, Light House India Fund, JM Financial, Yogesh Agencies, Sunil Kant Munjal, Harindarpal Singh
