Janus Henderson reduced the valuation of its holding in the firm by half which translates into an approximate valuation of $2.8 billion as of December 31, 2022.
The firm had plans to raise ₹6,250 crore via its IPO but had deferred the issue, citing market conditions and strategic considerations. At that time, the company had said that it would instead raise funds from existing shareholders via a rights issue
SEBI has issued the observation letters to the three companies an effective approval to allow the three firms to float their IPOs Together their total IPO targets are upward of Rs 8 000 crore