Eyewear giant Lenskart is heading to Dalal Street with one of the most awaited IPOs of the year. Here’s a clear breakdown of what the public issue looks like, how the funds will be used, and how the company has been performing financially.

Eyewear giant Lenskart is heading to Dalal Street with one of the most awaited IPOs of the year. Here's a clear breakdown of what the public issue looks like, how the funds will be used

Lenskart IPO opens soon: Imp dates, price band & key financials | IPO news | IPO analysis

The deal shows how finance founders in India are getting rich as the sector's rapid growth attracts a wave of mergers and stock listings

Business Standard

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The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.
They said the statement of the 34-year-old was recorded under the Prevention of Money Laundering Act (PMLA), and it is expected to continue on Saturday.
The ED probe is related to Yes Bank. The bank, as per the officials, had an exposure of about Rs 6,000 crore to Reliance Anil Dhirubhai Ambani Group (ADAG) as on March 31, 2017 and this figure doubled to Rs 13,000 crore within a year (as on March 31, 2018).
The companies included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL).
A "large" portion of these investments turned into non-performing investments (NPI) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the agency had alleged.
Ambani senior too has been questioned by the ED in an alleged bank loan fraud case against the

The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said.

Press Trust of India

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Lenskart IPO opens soon: Imp dates, price band & key financials | IPO news | IPO analysis

Eyewear giant Lenskart is heading to Dalal Street with one of the most awaited IPOs of the year. Here’s a clear breakdown of what the public issue looks like, how the funds will be used, and how the company has been performing financially.

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