SBI to sell 6.3% stake in SBI Funds Management through IPO
The IPO Framework Agreement is expected to be executed on November 10 and is expected to be completed in 2026, said SBI.
The IPO Framework Agreement is expected to be executed on November 10 and is expected to be completed in 2026, said SBI.
SEBI has kept the company’s IPO observations “in abeyance,” without specifying any reason for its decision, according to an update on the SEBI's official website.
Presently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while the World Bank Group's International Finance Corporation (IFC) owns a 1.8 per cent shareholding.
While the company aims to bolster its working capital through the fresh issue of shares, financial details disclosed in the DRHP suggest some underlying challenges.
Ahead of Ather Energy's initial public offering (IPO) opening for subscription on April 28, the company's grey market premium (GMP) has steadily declined.
Canara HSBC Life Insurance Company has filed for an initial public offering (IPO), with its existing shareholders looking to sell their stake.
Tata Capital, Tata Group's non-banking financial services firm, has submitted papers to the Securities Exchange Board of India (SEBI) through the confidential pre-filing route, for its initial public offering (IPO), of an estimated value of over Rs 15,000 crore, market sources said.
SEBI chief Madhabi Puri Buch on Tuesday said the capital market regulator is actively considering a platform to allow share allotees in a public issue to trade in the security even before the formal listing.
Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.
The IPO received bids for about 1.8 crore shares against around 16 crore shares on offer, according to the NSE data.
