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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Filed in August, the DRHP proposed a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale component of Rs 400 crores.
Hero Motors has withdrawn its draft red herring prospectus for a planned Rs 900 crore initial public offering. The vehicle component manufacturer filed the DRHP in August this year and withdrew it on Saturday, according to SEBI’s website.
Not to be confused with two-wheeler manufacturer Hero Motorcorp, Hero Motors makes engine and transmission components—primarily for two-wheelers. Its clients include the likes of BMW, Ducati and Harley-Davidson.
The public issue was initially planned as a combination of a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale component of Rs 400 crores. Promoter firm O P Munjal holdings …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
