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The proposed IPO comprises a fresh issue aggregating up to ₹350 crore and an offer for sale of up to ₹850 crore from existing investors.

​​The ED accused CaratLane of violating the Foreign Exchange Management Act (FEMA). The notice served on March 28, 2022, stated that FDI was not allowed in single-brand retail at the time. The notice has not been made public till now.

Rahul Saraf will continue to head investment banking for India, the foreign lender said via a press release.

Sebi has passed a second interim order against the Brightcom Group, restraining Suresh Kumar Reddy and Narayan Raju from holding any directorial positions until further notice.

Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system.

"JFSL will now be removed from all the S&P BSE indices effective prior to the opening of trading on Tuesday, August 29, 2023. Should JFSL continue to hit the lower circuit in the next two days, the removal date will be deferred by another three days," BSE said in a circular.

The shares eased 1.1% from a record high of $481.87 hit minutes after the market opened, crossing its previous peak of $480.88 on July 14.

It could rank near or even just below the tech industry’s largest-ever IPOs: Alibaba Group Holding Ltd.’s $25 billion 2014 offering and 2012’s $16 billion debut by Meta Platforms Inc., then known as Facebook In

Marquee funds including HSBC, Morgan Stanley, ABSL MF, Sundaram Mutual Fund, and ICICI Pru MF, among others, picked up stakes in the company

The fundraise was conducted in two tranches, in consultation with the book running lead managers, allocating 59.75 lakh shares at a price of Rs 164 apiece