The government is planning to soon file the final papers for LIC IPO with market regulator Sebi, which will provide details about the price band, discount for policyholders and retail buyers, and the actual number of shares to be put on the block, an official said. The government is presently in the wait-and-watch mode because of the market volatility induced by the Russia-Ukraine war and will decide on the timing of the initial public offering
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Capital markets regulator Sebi has come out with a list of 25 defaulters, who are found to be untraceable. These defaulters failed to return investors’ money or failed to pay fines imposed on them by the regulator for various offences related to the securities market. Publishing the details of the untraceable defaulters on its website on Wednesday, Sebi said the recovery certificates were drawn up against these individuals by the regulator’s recovery officer. However, these
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Shares of SpiceJet and InterGlobe Aviation, the operator of IndiGo Airlines, jumped on Wednesday a day after the aviation regulator green-flagged international flight operations after a gap of two years. SpiceJet stock jumped about 6.5% to an intraday high of Rs 60.75 per share, while IndiGo shares rose 8% to an intraday high of Rs 1726.45 apiece. Even though the share prices are nowhere near the 52-week highs, the announcement from the Ministry of Aviation
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London nickel prices jumped more than 10% on Tuesday, adding nearly 87% of their value in the past two days, as increasing sanctions against Russia fuelled supply fears amid declining inventories of the stainless steel-making raw material. Three-month nickel on the London Metal Exchange climbed 10.3% to $53,005 a tonne by 0305 GMT. Prices shot up by a record 90.2% to an all-time high of $55,000 in intraday trade on Monday, before closing more than
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India Exposition Mart Ltd, a leading integrated exhibitions and conventions venue, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). Those offering shares in the OFS include Vectra Investments,
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