Coal India Limited’s board on Monday gave an in-principle approval to divest up to 35% stake in its subsidiary South Eastern Coalfields Limited (SECL). The board also approved up to a 25% stake sale in another wholly-owned subsidiary Mahanadi Coalfields Limited (MCL). In a meeting held today, the board approved the divestment of up to…
The Securities and Exchange Board of India (Sebi) has decided to relax entry norms for foreign portfolio investors (FPIs), seeking to counter their continued withdrawal from the nation’s equity market. The regulator eased initial public offering (IPO) issue sizes for large Indian companies to strengthen an already impressive pipeline of share sales that could hit…
Mumbai-based Travel Food Services is set to launch its initial public offering (IPO) on Monday, July 7, with the issue closing on Wednesday, July 9, 2025 The IPO is entirely an offer for sale (OFS) by promoter Kapur Family Trust, with no fresh equity issuance. All proceeds from the Rs 2,000 crore issue will go…
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said the regulator will apply its mind for satisfactory resolution of issues that are currently in the way of the initial public offering (IPO) of the National Stock Exchange (NSE). He said that its intention will be to see it through. “We…