The Securities and Exchange Board of India (SEBI) has granted National Securities Depository Ltd (NSDL) approval for its impending first public offering (IPO). NSDL is a major player in the Indian capital markets, handling most securities stored and settled in dematerialized form. The National Stock Exchange (NSE) will be one of the primary sellers in…
At an Extraordinary General Meeting (EGM) on October 3, the leading food technology company Swiggy got approval from its shareholders to boost the primary issue size of its Initial Public Offering (IPO) from Rs 3,750 crore to Rs 5,000 crore. If additional cash is needed, the corporation has set aside an additional Rs 1,250 crore…
SEBI has approved Hyundai Motor India’s IPO, bringing the company’s intentions to list one step closer. Hyundai India hopes to raise Rs 25,000 crore, or $3 billion, through the offer, regarded as India’s largest public issue. This indicates a $20 billion valuation for Hyundai. According to rumors, the business may be preparing to list in…
According to internal documents, Swiggy, the fast-food delivery and e-commerce company, is preparing to raise about $600 million through a new issuance as part of its first public offering (IPO). From the $450 million that was originally stated, this represents a huge increase. The entire possible financing might be close to $1.4 billion when added…
