Reliance Industries Rises Nearly 2% On Sebi s Nod For Reliance-Future Group Deal Reliance Industries Rises Nearly 2% On Sebi s Nod For Reliance-Future Group Deal SEBI on late Wednesday night granted approval to Reliance Industries Rs 24,713-crore deal to buy Future Group s retail assets, in a blow to Amazon s efforts to block the agreement
Reliance Industries: The BSE also granted its no adverse observation report to the deal
Reliance Industries shares gained nearly 2 per cent on the BSE, propelling the markets above the 50,000 mark, after SEBI on late Wednesday night granted approval to Reliance Industries Rs 24,713-crore deal to buy Future Group s retail assets, in a blow to Amazon s efforts to block the agreement. At 9:20 am, the shares of Reliance Industries were trading at Rs 2092.90, higher by Rs 38 or 1.86 per cent on the BSE on the back of the news development. The shares have touched an intra-day high of Rs 2093 and a low of Rs 2075 thus far.
Indigo Paints will use the IPO proceeds to expand its manufacturing facility at Pudukkottai in Tamil Nadu
Indigo Paints has received approval from the capital markets regulator SEBI to raise money through an initial public offering (IPO). The Sequoia Capital-backed Indigo Paints had filed its preliminary IPO papers with Sebi in November last year. The shares of Indigo Paints are likely to be listed on the BSE Sensex and NSE Nifty indices.
The IPO will comprise fresh issuance of shares aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares by private equity firm Sequoia Capital, through its two funds SCI Investments IV and SCI Investments V, and promoter Hemant Jalan, according to the company s draft red herring prospectus (DRHP) filed with SEBI.