Updater Services Ltd, which filed its draft papers with the markets regulator in March, obtained its observations letter on September 4, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
The IPO of Indegene consists of a fresh issue of equity shares worth up to Rs 950 crore and offer for sale of up to 3.63 crore equity shares by existing investors, according to the Draft Red Herring Prospectus
Proceeds worth Rs 68 crore from the fresh issue will be used to repay debt, and Rs 119.5 crore will be spent on working capital requirements, besides general corporate purposes. Get more IPO News and Business News on Zee Business.
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