The regulator, in an administrative warning to the five book-running lead managers Motilal Oswal Investment Advisors, Equirus Capital, ICICI Securities, SBI Capital Markets, and Yes Securities, accused them of neglecting proper disclosures in the draft red herring prospectus (DRHP) of EbixCash, said people aware of the development.
Digital gold platform Augmont on Monday announced its strategic partnerships with Home Credit, Kalyan Jewellers, PNG, ONeCode, and EbixCash to promote digital gold as a product.
EbixCash Ltd has received final observation from the capital markets regulator, Securities and Exchange Board of India, to raise Rs 6,000 crore through an initial public offering.
The IPO consists of equity shares of face value of Re 1 each, which is a complete fresh issue of shares and the entire proceeds will go to the company.