India’s capital markets regulator has launched a major enforcement action against gold exporter and refiner Rajesh Exports Ltd., alleging significant discrepancies in the company’s reported revenues and raising concerns about corporate governance, financial transparency, and fund management practices. In an interim order issued this week, the Securities and Exchange Board of India (SEBI) stated that […]
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]]>Social commerce unicorn Meesho is reportedly on the verge of filing its draft red herring prospectus (DRHP) for an initial public offering (IPO), with plans to make the submission as early as this month. The move comes as the Bengaluru-based company wraps up its re-domiciling process from the United States to India — a critical […]
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]]>The IGI grading lab is seeking to capitalize on the lab grown boom with an IPO (initial public offering) that could raise $477m. Revenues have increased since the network of 31 labs and 18 schools was bought by a subsidiary of the asset manager Blackstone Group last May for $570m. Total earnings for 2023 were […]
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]]>The Watches of Switzerland Group chief executive Brian Duffy sold 1,868,694 shares of the company’s stock just days after the successful initial public offering on the London Stock Exchange. A disclosure to the exchange, which requires notification of transactions by Directors, Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them, says that Duffy’s […]
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]]>Senco Gold and Diamonds, one of India’s large pan-India jewellery retail chains, has filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI proposing to raise Rs 6 billion through an initial public offering (IPO) that will help finance its further expansion and growth. The company which is headquartered in Kolkata and retails […]
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]]>Jewellery retailer Senco Gold has filed draft papers with markets regulator Sebi to raise an estimated Rs 6 billion through an initial public offering. The company is primarily engaged in selling gold and diamond jewellery and also sell jewellery made of silver, platinum and precious and semi-precious stones and metals. The initial public offering (IPO) […]
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