ICICI Securities
The Market regulator Sebi authorization is obtained by GMR Infrastructure to raise a fund of Rs. 1,500 crore by means of rights issue. GMR will make use of the funds raised to make settlement towards borrowings and also for general corporate needs. What is Rights Issue? According to rights issue, shares are provided to the [...] Continue Reading »
Observation orders have been issued by The Securities and Exchange Board of India or Sebi on initial public offering or IPO or Lavasa Corporations. This has signified the debacle of the regulatory course before IPO. As stated by a company official, Lavasa can now smartly say yes to the IPO and they are happy to [...] Continue Reading »
Hindustan Construction Company’s subsidiary Lavasa Corporation has filed a draft red-herring prospectus with the Securities and Exchange Board of India (SEBI) on Tuesday and informed the exchanges. The company decided to raise funds from the primary market through the launch of an IPO worth ₹750 crore. The company’s spokesperson also mentioned that the issue is subject [...] Continue Reading »
It seems that the distributors are not keen on wearing the hat of investment advisors. Fourteen months after the investment advisors’ regulations came into effect, not many distributors have come forward to register themselves as advisors. The number of investment advisors as of May 2014 stood at 156, as per SEBI data which has grown [...] Continue Reading »
Srei Infrastructure Finance plans to raise Rs 600 crore in FY15 through retail bonds. Moses Harding, group chief executive officer (liability and treasury management) and chief economist of Srei Infrastructure Finance said “The objective is to reach out the Srei brand into the retail segment, broaden the investor/lender base and de-risk concentration from bank funding. [...] Continue Reading »
Estate planning is catching up in India as it is replacing a written “will” – the earlier method adopted to bequeath hard-earned assets while a person is still alive and after he is no more. It includes the management of a person’s estate during and beyond his lifetime to ensure the estate’s longevity. Through estate [...] Continue Reading »
