While the Linde India stock has given handsome returns over the past two months on potential business from supplies to semiconductor manufacturers, it remains unclear if the listed company will benefit from this opportunity
Belstar Microfinance plans a Rs 1,300 crore IPO with fresh equity shares and OFS. MAJ Invest, Danish asset management firm, and Muthoot Finance s stake highlighted. Proceeds for future capital requirements and reported profit in December 2023.
According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.
Sebi has made it compulsory for asset management companies to have a mechanism to deter market abuse such as front-running and fraudulent transactions.
IIHL awaits Irdai approval for Rs 9,650-crore Reliance Capital acquisition, ready to pay promptly. NCLT deadline nears with funding secured. Plans include Nippon collaboration, health insurance launch, and Afrinex listing aspiration.