Live
- Chandrahass Launches Maruti Suzuki Dzire Through PJ Productions in Tolichowki Showroom
- Police case against farmers for tilling land claimed by Waqf Board in Karnataka
- Commendable move: Sandeep Dikshit on renaming Sarai Kale Khan ISBT chowk after Birsa Munda
- MahaYuti will come back to power with a thumping majority despite Oppn's tirade: Eknath Shinde
- ‘Hanging up my racquet. Thank you’ - India’s Prajnesh Gunneswaran retires from professional tennis
- Pawan Kalyan to Campaign for NDA Alliance in Maharashtra
- Eight killed, five injured in Nepal's traffic accident
- Technical snag grounds PM Modi's aircraft in Jharkhand
- Divya Pillai FL from ‘Bhairavam’ unveiled
- Tension in Lagcherla as BRS Leaders Allegedly Incite Landless Poor
Equitas Holding, GNA Axles get Sebi nod for IPO
Sebi has given approval to microfinance institution Equitas Holding and auto components maker G N A Axles to float initial public offerings. Equitas Holding and G N A Axles had filed their draft red herring prospectus (DRHP) with Sebi in October and September respectively seeking permission to launch IPOs.
New Delhi: Sebi has given approval to microfinance institution Equitas Holding and auto components maker G N A Axles to float initial public offerings. Equitas Holding and G N A Axles had filed their draft red herring prospectus (DRHP) with Sebi in October and September respectively seeking permission to launch IPOs. They obtained clearance from capital markets regulator on January 8, as per the latest update.
Equitas Holding's IPO comprises fresh issue of shares worth Rs 600 crore and an equal amount by selling shares to existing shareholders, according to sources. The public issue of GNA Axles consists of up to 63 lakh shares with a face value of Rs 10 each. It has reserved 2 lakh shares for its employees. Equitas Holding and G N A Axles are proposed to be listed on both NSE and BSE.
