SEBI

The public issue will open for subscription on November 11 and close on November 13.

Shiprocket had pre-filed its draft red herring prospectus confidentially in May this year.

According to the reports, Iron Pillar PCC is the largest investor exiting through the IPO, planning to sell 1.91 crore shares and expected to achieve an exit value about 2.6 times higher than Accel and Chiratae.

Elevation Capital and Peak XV will lead the secondary sale, offering 5.54 crore and 3 crore shares respectively, while investors like Prosus and SoftBank, which hold 12.34% and 9.31% stakes, will retain their shares.

If the IPO materialises, it could become the largest fund-raising by a solar PV module manufacturer in India.

The approval follows nearly three months after the company filed its draft red herring prospectus through the confidential route.

In consultation with its book-running lead managers, Sify Infinit Spaces may also consider a pre-IPO placement of up to INR 500 crore before filing the Red Herring Prospectus.

The DRHP identifies SoftBank as its largest external investor with a 15.04 percent holding, followed by the Abu Dhabi Investment Authority with 12.45 percent.

With nearly 40 startups valued at over USD 90 billion poised to go public in the coming years, CNPC aims to bridge gaps in regulatory compliance, corporate governance, and market preparedness.

Under this framework, VCFs with active schemes or schemes that have expired but still hold unliquidated investments can opt to transition into the Alternative Investment Fund (AIF) regime under a new sub-category—Migrated Venture Capital Funds (MVCFs).

Meanwhile, Evera Cabs (Prakriti Mobility) has repossessed around 500 electric cabs previously operated by BluSmart. Although Uber was reportedly in talks to acquire BluSmart's fleet, the deal appears to have stalled.

The issue is being managed by a consortium of lead managers: JM Financial, CLSA India, J.P. Morgan India, and Kotak Mahindra Capital.

As per the Draft Red Herring Prospectus (DRHP), JSW Cement plans to allocate INR 800 crore from the fresh issue proceeds to partially finance a new integrated cement facility in Nagaur, Rajasthan.

At the Global FinTech Fest 2024, Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), shared her vision on how FinTech can play a transformative role in simplifying business operations and regulatory compliance

This updated version offers an easy-to-use interface and a variety of tools to help simplify complex financial concepts.

During the 204th meeting of the SEBI Board, it came to a consensus of the launch of Beta version of optional T+0 settlement

Buch is the first woman to head the SEBI, taking over from Ajay Tyagi, who had a five-year term, in March 2022.

According to the Securities and Exchange Board of India Regulations 2018, these equity shares will be locked in for a period of 6 months from the date of issue

As per the report, SEBI in its latest affidavit to the Supreme Court said it did not agree with the expert committee observation of difficulties in identifying holders of economic interest behind an offshore fund

According to reports, the revised timeline of T+3 days will be made applicable in two phases

This action is being taken by the market regulator in an effort to identify the investors and the source of the funds.