The group Chairman of Edelweiss Financial Services and the CEO of Edelweiss Asset Reconstruction Company Limited have approached the Bombay High Court to quash the FIR against them for allegedly.
The IPO comprises ₹600 crore of fresh issue and an offer for the sale of shares worth ₹280 crore by the existing shareholders, including Tata Capital, TVS Motors, Omega TC Holdings, and Kotak Special Situations Fund, among others. The proceeds from the IPO will partly be used to reduce debt.
The Indian and global logistics markets present a large addressable opportunity and are expected to grow to $385 billion by FY27 at a 13% CAGR from FY22-27 and $13.6 trillion by 2026 at a 6.7% CAGR from 2020-2026 (estimated), respectively.
Expressing anguish over naming interim resolution professional (IRP) Jitendra Kothari in the first information report filed in the veteran art director Nitin Chandrakant Desai suicide case, several insolvency professionals (IP) urged prime minister Narendra Modi, the secretary of the Union ministry of corporate affairs (MCA) and the chairperson of the Insolvency & Bankruptcy Board of India (IBBI) to remove Mr Kothari s name from the FIR.