SoftBank-backed digital commerce ecosystem AceVector Ltd has filed updated draft red herring prospectus (UDRHP) with markets regulator Sebi for its proposed initial public offering, which includes a fresh issue of shares worth Rs 300 crore, according to PTI.The IPO will also feature an offer for sale (OFS) of 6.38 crore shares by existing shareholders. Promoter…
Al-Falah University (File photo) NEW DELHI: The Enforcement Directorate (ED) on Friday accused Al-Falah University chancellor Javed Ahmed Siddiqui of “fraudulently acquiring land” in Delhi’s Madanpur Khadar by forging documents in the names of deceased Hindu landowners. According to the agency, land in Khasra No. 792 was transferred to the Tarbia Education Foundation, a trust…
MUMBAI: Sebi is proposing that companies filing IPO documents should file a summary of the offer with most important points in it. It’s also proposing to do away with the practice of filing an abridged offer document.Sebi is also proposing to include shares pledged by the promoters of an IPO-bound company for lock-in by the…
InCred Holdings, the parent entity of NBFC InCred Financial Services, has filed confidential draft IPO papers with markets regulator Sebi, seeking to raise Rs 3,000–4,000 crore, PTI reported citing people familiar with the matter.In a public statement issued on Sunday, the company confirmed PTI that it had submitted “the pre-filed draft red herring prospectus with…
NEW DELHI: Congress leader Rahul Gandhi is set to address a press conference on Wednesday, stoking speculation about the “hydrogen bomb” he promised to drop in support of his charges on vote theft by the Bharatiya Janata Party.A day ahead of the first phase of the Bihar assembly elections, the leader of the opposition in…
Sushant Singh Rajput’s cousin Divya Gautam Patna: Six CPI(ML) candidates, including late Bollywood actor Sushant Singh Rajput’s cousin Divya Gautam, filed their nomination papers on Wednesday, making a total of 12 nominees doing so in the last two days.Of the six candidates who filed their papers on Wednesday are three fresh faces: Gautam (for Digha…
PATNA: As suspense deepened over INDIA bloc’s seat-sharing formula in Bihar, Congress’s central election committee met in Delhi Tuesday evening to finalise candidates for the Nov state polls. The meeting came amid signs that talks with key ally RJD have resumed after days of uncertainty.Congress election committee is learnt to have discussed 26 seats. Sources…
NEW DELHI: The Election Commission on Wednesday issued new guidelines regarding the design and printing of EVM ballot papers to enhance “clarity” for the voters in the upcoming Bihar assembly election.According to the poll body, the EVM ballots will now include colour photographs of candidates which will occupy three-fourths of the photo space for better…
Bengaluru: Billionbrains Garage Ventures, the parent company of the investment platform Groww, filed its updated draft red herring prospectus (UDRHP) with Sebi for an IPO worth Rs 7,000 crore. The offer includes a fresh issuance of shares worth up to Rs 1,060 crore and an offer for sale (OFS) of up to 574.2 million shares…