SEBI’s Crackdown on Promoter Classification in IPOs

The Securities and Exchange Board of India (SEBI) has thrust the spotlight onto a riveting regulatory realm, intensifying its vigilance over the intricate landscape of promoter classification among companies seeking to make their debut on the public stage.  Over the past three months, SEBI’s discerning scrutiny has wielded a transformative influence, compelling no less than … Read more

Alibaba will sell $200 million in shares tomorrow.

According to Reuters, Chinese e-commerce giant Alibaba Group Holding Ltd is going to sell a 3% share in meal delivery platform Zomato Ltd for $200 million in a block deal. According to rumours, the deal’s broker would be Morgan Stanley on Wall Street. Alibaba The block trade is likely to take place wednesday, and the … Read more