The proposals from SEBI come as the country is set for a record year for IPOs and follow the RBI's decision to impose limits on borrowers seeking to buy shares of a new listing.
The next step for Paytm and its payments bank is to amalgamate into a full-fledged, unrestricted lender, credit-card issuer and deposit taker. That’s where the pot of gold lies.
The sale received bids for 34.7 million shares against 26.5 million offered. Anchor investors bid 60 times more than the shares on offer for their category.
India got $100 million worth of foreign inflows into stocks so far in October, among the highest in Asia. Moreover, in the fourth quarter, Paytm and Flipkart are aiming for an IPO.
Paytm, backed by SoftBank, Berkshire Hathaway and Jack Ma’s Ant Group, plans to raise as much as Rs 166 billion from its share sale, according to its draft prospectus.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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