The stake sale comes just after the Vedanta group officially denied any stake sale plans after news reports alleged the same.
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Shares of Religare Enterprises rose over 4% after Sebi instructed an open offer by the Burman Group. Sebi criticized REL and advised seeking approvals. Burman group planned to increase stake in REL, leading to a legal battle with REL in the Delhi High Court involving counter complaints, objections to eligibility, and access to necessary information.
The stake sale comes just after the Vedanta group officially denied any stake sale plans after news reports alleged the same.
Sagility India's proposed IPO is entirely an offer for sale (OFS) of 98.44 crore shares by promoter Sagility B.V, as per Draft Red Herring Prospectus...
The transaction is expected to close before the end of the year, subject to regulatory and other necessary approvals.
Salil Parekh, CEO of Infosys, has agreed to pay Rs 25 lakh to settle charges related to inadequate internal controls for preventing insider trading,...
The Delhi High Court has denied Shivinder Mohan Singh permission to travel abroad and declined to suspend a look-out circular issued against him in...
Zerodha founder and CEO Nithin Kamath has listed the potential impact of SEBI’s new transparent pricing circular on the broking industry. Sebi has...
US-based short seller Hindenburg Research stated that it was issued a "show cause" notice by the Securities and Exchange Board of India (Sebi) on...
Hindenburg Research has criticized the Securities and Exchange Board of India (Sebi) for not addressing alleged fraud in its report on the Adani...
Shares of the group's flagship firm, Adani Enterprises, slipped about 0.4 per cent in opening deals while those of Adani Ports inched up by 0.07 per...
Vodafone Group sells 18% stake in Indus Towers to reduce debt, generating $1.8 billion. Acquiring 1% of shares, Bharti Airtel increases stake to 49%...