Sterlite Power has announced that it will be deferring its Rs 12.5 billion IPO in view of the current volatility in the stock market. In August 2021, the company had filed a draft red herring […]
The Securities and Exchange Board of India (SEBI) has allowed companies planning a stock market listing to submit a confidential “pre-filing” document. The market regulator also mandated enhanced disclosure norms for IPO-bound new tech companies, […]
India may miss its revised disinvestment target for the second time in eight years in 2021-22, as the government may be unable to generate the estimated Rs 600 billion through the LIC’s IPO. The government was […]
Airtel Uganda is reportedly planning to float an IPO by the end of 2022. The company had renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda […]
TVS Supply Chain Solutions, a subsidiary of the erstwhile TVS Group, has filed the draft red herring prospectus with market regulator SEBI. The initial public offering (IPO) will consist of a fresh issue of equity […]
Go Airlines is likely to launch its initial public offering (IPO) in August 2021 and expects SEBI to clear the proposal by July 31, 2021. The company has filed its draft red herring prospectus with […]
Tata Power is reportedly considering an IPO of $473 million for its renewable energy business. The company has shelved its initial plans to seek a partner to invest in its renewable energy business via an […]
Dilip Buildcon Limited announced the closure of the qualified institutional placement (QIP) issue on April 26, 2021. The QIP committee of the company has determined and approved the issue and allotment of almost 9.45 million […]
The IPO of PowerGrid InvIT was subscribed 4.83 times on the last day of the subscription on May 3, 2021. The issue was valued at Rs 77,350 million and it received bids for 2,054,048,700 units […]
RailTel’s initial public offer (IPO) was subscribed 42.39 times on the final day of subscription. As per National Stock Exchange data, the Rs 8.19 billion offer received bids for 2.59 shares against the 0.061 billion […]
GoAir, the budget airline of the Wadia Group, plans to launch its IPO to raise about Rs 30 billion (about $411 million). Citigroup, ICICI Securities and Morgan Stanley have been appointed as bankers for reviving […]
Antony Waste Handling Cell Limited’s initial public offering (IPO) has received a strong response, with demand across all investor categories. The offering of 6.67 million shares, excluding the anchor investors’ portion, received bids for 100.27 […]
IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]
Antony Waste Handling Cell Limited, the first waste management services company in India to float an IPO, has withdrawn the public issue as it failed to secure enough subscriptions. Previously, the firm had extended […]
The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC), the fund-mobilising arm of the railways, has been delayed against the backdrop of the ongoing coronavirus pandemic. IRFC was supposed to be listed […]
The Department of Investment and Public Asset Management (DIPAM) is likely to appoint legal advisers for Telecommunications Consultants India Limited (TCIL) and WAPCOS soon, to steer their initial public offering (IPO) process. As per industry […]
Airtel Africa is planning to raise about $37.5 million (27.92 billion Malawian kwacha [MK]) through Airtel Malawi’s IPO. The company, which is a subsidiary of India-based Bharti Airtel, has set the price of the IPO […]
As per industry sources, the government is planning to divest up to 25 per cent stake in RailTel Corporation through an initial public offering (IPO). To this end, the government is reportedly looking for advertising […]
The promoters of AGEL will sell a 5.98 per cent stake in the company through an offer for sale. The stake sales are being planned to bring down the promoter shareholding in the company to […]
Bharti Airtel Limited will raise $750 million (about Rs 52 billion) by selling shares of its Africa unit via an initial public offering (IPO) and list them on the London Stock Exchange. In case of […]
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