In an important step towards the privatisation of IDBI Bank, the Securities and Exchange Board of India (SEBI) has approved the reclassification of the Life Insurance Corporation of India (LIC) as a public shareholder, the bank informed stock exchanges. This means LIC will now be treated like any other public investor in IDBI Bank. As…
Dialysis services provider Nephrocare Health Services Limited has filed the draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). The company plans to raise Rs 353.4 crore via issue of fresh shares. According to the DRHP, the proposed IPO…
After months of sluggish performance, the IPO market in India is set for a revival and public issues worth about Rs 1.4 lakh crore may see the light of the day in coming months. According to data from Prime Database, the Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO)…
The Securities and Exchange Board of India (SEBI) has introduced stricter rules to improve governance at key market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. In a move aimed at preventing conflicts of interest and ensuring market integrity, the SEBI has made it mandatory for certain directors to observe a cooling-off…