In SEBI parlance, the issuance of observations on the DRHP means the company can launch its IPO within one year from the receipt of observations letter.
Softbank-backed Oyo, operated by Oravel Stays Ltd, has withdrawn its preliminary IPO documents again, causing delay in its plans to list on the bourses. Meanwhile, ..
Chiratae Ventures sold stakes to Madison India Capital for $70 million, involving companies like Lenskart, Bizongo, and Rentomojo. Madison Capital, supported by Lexington Partners, had invested in Sequoia Capital India s portfolio firms like Star Health.