Ethnic apparel retailer Sai Silks (Kalamandir) Limited has received capital markets regulator SEBI's go ahead to raise as much as Rs 1,200 crore through an initial public offering (IPO).
The IPO comprises fresh issue of equity shares worth Rs 600 crore and an offer-for-sale of up to 18,048,440 equity shares by promoters and promoter group entities, according to the draft red herring prospectus
The Union Budget 2022-23 should introduce additional startup-friendly policies and tax relaxations to enable spending on innovation, ease-of-doing-business, and reducing compliance costs, a slew of homegrown startups said.