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Posts in category Business Standard
Ahead of IPO, Sagility India collects Rs 945 cr from anchor investors (04-11-2024)
Sagility India Ltd, a technology-enabled services provider in the healthcare services space, on Monday said it has mobilised over Rs 945 crore from anchor investors, a day before its initial share-sale opening for public subscription.
Nomura Funds Ireland, Government Pension Fund Global, Florida Retirement System – Allspring Global Investments, LLC (EMSC), Amundi Funds New Silk Road, and Goldman Sachs (Singapore) Pte are among the top anchor investors, according to a circular uploaded on the BSE website.
Additionally, ICICI Prudential Mutual Fund (MF), HDFC MF, Motilal Oswal MF, Max Life Insurance Co Ltd, and ICICI Prudential Life Insurance Company have participated in the anchor round.
As per the circular, Sagility India has allotted 31.51 crore equity shares to 52 funds at Rs 30 apiece. This aggregates the transaction size to Rs 945.40 crore.
Of the total allocation of shares to the anchor investors, 11.84 crore were allocated to eight domestic mutual funds through 26 schemes.
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Sebi asks 5 entities to pay Rs 130 cr in Reliance Home fund diversion case (04-11-2024)
Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd.
The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days.
Those who have sent notices are Netizen Engineering Pvt Ltd, Gamesa Investment Management Pvt Ltd, Vinayak Ventures Pvt Ltd, Deep Industrial Finance Ltd and Citi Securities and Financial Services Pvt Ltd.
The demand notices came after these entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in August.
In five separate notices, the markets watchdog directed these five entities to pay Rs 26 crore each which includes interest and recovery costs within 15 days.
In the event of non-payment of dues, the market regulator will recover the amount by attaching and selling the moveable and immovable property of these entities.
Board of Indian Railway Catering&Tourism Corp. recommends interim dividend (04-11-2024)
Of Rs 4 per share
Board of Indian Railway Catering&Tourism Corp. recommends interim dividend (04-11-2024)
Of Rs 4 per share
Niva Bupa sets a price band of Rs 70-74 for its Rs 2,200 crore IPO (04-11-2024)
The IPO is a mix of a fresh issue of up to Rs 800 crore and an offer for sale (OFS) of up to Rs 1,400 crore by Bupa Singapore Holdings Pte Ltd and Fettle Tone LLP
Market regulator Sebi directs Embassy Reit to suspend CEO Aravind Maiya (04-11-2024)
Action after NFRA debarred Maiya for 10 years in a probe related to Coffee Day
Sebi allows MFs to invest in overseas schemes with India exposure (04-11-2024)
However, the scheme’s exposure to Indian securities should not exceed 25 per cent
Sebi mulls separation of non-regulated activities for debenture trustees (04-11-2024)
Sebi on Monday proposed that debenture trustees separate non-market watchdog-regulated activities into a new legal entity and define “cross-default” to clarify their roles in shared security interests.
Additionally, the new provisions have been proposed to outline debenture trustees’ (DT) rights and responsibilities, aligning with their fiduciary duties and obligations under Sebi’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
These changes aim to support timely fulfillment of DT duties.
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
These proposals are aimed at improving ease of doing business for debenture trustees.
In its consultation paper, the regulator proposed that DTs should hive off non-Sebi-regulated activities into a new legal entity, which cannot use the DT’s brand name after a one-
Afcons Infrastructure successfully bids for Bhopal Metro Project (04-11-2024)
Afcons Infrastructure announced that it was declared as the lowest bidder for construction Package BH-05 of Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) which will connect Bhadbhada Chauraha Ratnagiri Tiraha via 13 elevated stations. Afcons’ bid of Rs. 1006.74 crore was declared the lowest – L1.