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TBO Tek Limited IPO Opens on May 8th, 2024

May 03rd, 2024: TBO Tek Limited (“The Company” or “TBO”), shall open bids for its initial public offering of Equity Shares on Wednesday, May 08th, 2024. The Offer will close on Friday May 10th, 2024. The Anchor Investor Bidding Date shall be on Tuesday May 07th, 2024.  The Price Band of the Offer has been…

IFSC Authority permits Foreign Portfolio Investors to issue derivative instruments with Indian securities

IFSC Authority permits Foreign Portfolio Investors to issue derivative instruments with Indian securities
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IFSC Authority allows non-bank FPIs to issue derivatives in GIFT-IFSC

This move comes as a follow-up to the announcement made by Finance Minister Nirmala Sitharaman during the Budget Speech of 2023-24, wherein ODIs issued in GIFT-IFSC were recognised as valid contracts

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