Upstox Announces Partnership With Tamil Nadu Premier League 2021 adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
The firm is currently known as Dhani Services. The former non-executive director, Pia Johnson, and her husband, Mehul Johnson, violated the Prohibition of Insider Trading (PIT) norms by trading in firm s scrip while in possession of unpublished price-sensitive information (UPSI) when the trading window ought to have been closed. Mehul was also an employee of Indiabulls Real Estate Ltd (IREL) and has association with Indibulls Group companies. Pia and Mehul made collective gains of Rs 69.09 lakh. The investigation period is January-November 2017. For violation of insider trading norms, Pia and Mehul Johnson are facing a fine of Rs 25 lakh each. In March 2017, the company told the NSE that Indiabulls Distribution Services Ltd, a wholly-owned subsidiary of Indiabulls Venture, had signed a definitive agreement to sell its 100 per cent stake in India Land and Properties Ltd, at a consideration of Rs 685 crore, to Indiabulls Infrastructure Ltd, a wholly-owned subsidiary of IREL.
Blackstone-backed auto parts maker Sona BLW gets SEBI nod for $817m IPO
IPO
May 12, 2021
Private equity firm, Blackstone Group Inc, promoted automotive component manufacturer, Sona BLW Precision Forgings Limited on Tuesday received consent from capital markets regulator SEBI for the initial public offering through which it plans to raise ₹6,000 crore.
“The public offer comprises of a fund raise via a fresh issuance of shares amounting to Rs. 300 cr and Rs. 5,700 cr through an offer-for-sale by shareholder Singapore VII Topco III Pte Ltd., an affiliate of The Blackstone Group Inc.,” the company said in a statement.
Kotak Mahindra Capital Company Ltd, Credit Suisse Securities Pvt Ltd, J.P. Morgan India Pvt Ltd, JM Financial Ltd and Nomura Financial Advisory and Securities Pvt Ltd are the book running lead managers for the share sale.
Sona Comstar receives SEBI nod for ₹6,000 crore IPO
May 11, 2021
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The automotive technology company is into designing, manufacturing and supply of mission-critical automotive systems and components.
PE firm Blackstone-promoted automotive supplier Sona BLW Precision Forgings Ltd has received capital markets regulator’s approval for its ₹6,000-crore initial public offering (IPO).
The public offer comprises a fundraise through the issuance of new shares of up to ₹300 crore and ₹5,700 crore through an offer-for-sale by shareholder Singapore VII Topco III, an affiliate of The Blackstone Group.
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Between FY16-20, the company total operating income grow at a compounded annual growth revenue of 10.9 per cent.
Sona Comstar receives SEBI Nod for Rs 6000 crore IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.