Page 17 - Investors

Yatra Online mobilises Rs 348 cr from anchor investors ahead of IPO

Online travel company Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO). The company has allocated 2.49 crore equity shares to 33 entities at Rs 142 apiece, according to a circular uploaded on the BSE website. ICICI Prudential Mutual Fund (MF), Mirae Asset MF, Tata MF, Bandhan MF, Max Life Insurance, Bajaj Allianz Life Insurance, Massachusetts Institute of Technology, Morgan Stanley Asia (Singapore) Pte, Goldman Sachs (Singapore) Pte, Bofa Securities Europe SA, Societe Generale, BNP Paribas Arbitrage and Quantum State Investment Fund are among the anchor investors. The company has fixed a price band of Rs 135-142 per share for its maiden public issue, which will open for public subscription on September 15-20. At the upper end of the price band, the IPO will fetch up to Rs 775 crore. The IPO comprises fresh issuance of equity shares worth Rs 602 crore and an Offer for Sale (OFS) of up to ...

Uttarakhand to seek Rs 2.5 trn in investments at Dec business summit

Dhami said that at present a land bank of about 6000 acres is available in Uttarakhand for setting up industries in various sectors

I-T officials can seek details of ITRs filed by investors in startups

Income tax officials can seek details about ITRs filed by startup investors to ascertain if the amount invested is commensurate with the income shown in their personal ITRs, the I-T department has said. Replying to a post of former BharatPe co-founder Ashneer Grover on X on Friday, where he flagged that a number of startups have received tax notices in the last one month asking to furnish information about their shareholders, the I-T department said the Finance Act 2012 mandates that the source of funds from a resident shareholder in startup has to be also explained by an investor. "In the present case, it appears that the AO has sought to examine the genuineness of the transaction and source of investment by the shareholder-investor, to verify if the amount invested is commensurate with the income shown in the ITRs of the investors. "Alternatively, if the PANs of the investors are shared with the AO by the company, he can verify the ITRs of the investors," the I-T department ...

Vedanta Resources plans to meet investors as it faces $2 billion debt bill

The mining company has already started an exercise to identify investors in its dollar bonds that mature next January and August, as well as those due in March 2025

Trailblazing rules to boost India's ESG mkt, to attract investors: JPMorgan

India rolled out several measures over past 2 years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under 6 types of ESG strategies

2023 spells bonanza for IPO investors; only 1 out of 20 in the red

Avg listing day gain 34%; Avg IPO-to-date gain 46%

Crediting funds to Sebi's IPEF to be done through online mode only

To facilitate market intermediaries, the process of crediting funds to Sebi's Investor Protection Education Fund (IPEF) can only be conducted online through the regulator's website. This move will streamline the payment process and enhance accessibility for all the contributors to the fund. In July 2020, the Securities and Exchange Board of India (SEBI) had prescribed that the amounts shall be credited to the the regulator's IPEF through online mode or through a demand draft drawn in favour of the board. However, in its latest circular, the markets watchdog said that the remittances to the SEBI IPEF be made only through the regulator's website. "SEBI has opened a new bank account to facilitate market participants to make payment to SEBI IPEF. "In this regard, a link has been provided in the homepage of SEBI website (www.sebi.com) under the head 'Click here to make payment to SEBI IPEF'," it added. The intermediaries can make payments to IPEF conveniently using various payment met

I do not think it is time for investors to be fearful: First Global's Mehra

The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra

Uttarakhand CM Dhami unveils logo, website for investors' summit

Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday unveiled a logo for the upcoming 'Global Investors Summit' here, inviting investors from all over the world to become part of the hill state's growth story. Dhami also launched a website for the event to give out details and information about the state government's policies and the different sectors in which investments can be made. The two-day summit to be held here on December 8-9 has set a target of attracting investments worth Rs 2.5 lakh crore in various sectors, including tourism and wellness, agriculture and horticulture, health and education, the chief minister said at the launch. He said there is a positive environment in the state for investments. "Not only big industrial houses and groups are keen to invest in the state but also those already here are willing to expand their activities," Dhami added. "In the consultations held with potential investors in preparation for the summit, many valuable suggestions have

China's economic slowdown alarms international leaders, investors: Report

For the first time in decades, the world's second economy is itself in trouble

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

ED arrests 2 directors of WB firm that duped investors through ponzi scheme

The Enforcement Directorate (ED) on Saturday said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds. Prabir Kumar Chanda and Pranab Kumar Das, directors of MPS Greenery Developers Limited, were arrested on August 24 and a special Prevention of Money Laundering Act (PMLA) court in Kolkata sent them to ED custody till September 1, the central agency said in a statement. MPS Greenery Developers Limited raised funds of about Rs 2,682 crore during 1999-2000 to 2013-2014 from investors through various "fraudulent" income schemes, by issuing agro, orchard and teak bonds in violation of norms of banking regulator RBI and markets regular SEBI, it alleged. The company was controlled and managed by its CMD Pramatha Nath Manna, the two arrested directors and other associates. The ED alleged that the accused "diverted" public funds of Rs 1,786 crore to subsidiary and associate companies of MPS Greener

Groundbreaking or Maddening? Karma Points Measures Your 'Investor Karma'!

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'E-commerce policy in final stages; to be presented before top-level'

The proposed national e-commerce policy being formulated by the commerce and industry ministry is in the final stages and no new draft policy will be issued now for seeking views of stakeholders, a senior government official said. The Department for Promotion of Industry and Internal Trade (DPIIT) on August 2 held a detailed discussion with representatives of e-commerce firms and a domestic traders' body on the proposed policy. In that meeting, a broad level of consensus emerged among the concerned stakeholders on the proposed policy. "Now no draft policy will come. That exercise is over now. We are just getting a final sign off, the official, who did not wish to be named, said, adding there will be a presentation of the proposed policy at the top level of the government. On data localisation, the official said that the e-commerce companies would have to follow the law of the land. Earlier the ministry had issued two draft national e-commerce policies. The 2019 draft proposed to

China or India? Where should investors put their money in coming Asia boom

Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

Shah releases Rs 10k each to 112 investors stuck in Sahara's 4 cooperatives

Cooperation Minister Amit Shah on Friday started the process of returning hard earned money of crores of depositors of four cooperatives of Sahara Group by transferring the first tranche of Rs 10,000 each to 112 small investors. Shah said so far 18 lakh depositors have registered on the 'CRCS-Sahara Refund Portal', which was launched on July 18. "So far, 18 lakh investors have registered on the portal. ...Today, about Rs 10,000 each has been transferred into the bank account of 112 investors," he said after releasing the amount. Shah said the next tranche of funds will be transferred soon as the audit has been completed. "I want to assure and I am fully confident that all depositors will get their funds in the coming days," he said, congratulating the depositors. Shah further said many times such incidents happen that shake the trust in cooperation. However, it is responsibility of the government to ensure that investors' money is safe and returned to them. Sahara depositors were

PM Modi tells investors India wants to be 'trusted partner' for chipmaking

The investment bodes well for the event, which is the prime minister's latest attempt to attract investors into the chip industry after his initial bid to offer incentives floundered

Adani Group returns to loan market as investor confidence improves

The Indian group is in talks with Barclays Plc, Deutsche Bank AG and Standard Chartered Plc to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase

Rising markets fails to lift up new investor addition by mutual funds

MFs onboarded only 1.6 mn new unique investors in H1CY23