SEBI puts Jaipur-based SK Finance IPO in abeyance; details here

SEBI puts Jaipur-based SK Finance IPO in abeyance; details here

The Securities and Exchange Board of India (Sebi) has put on hold the proposed initial public offering (IPO) of SK Finance, a non-bank lender focused on vehicle finance and business loans. Without specifying reasons, Sebi stated that the “issuance of observations (has been) kept in abeyance,” as per an update on its website on Monday. … Read more

Aditya Birla Sun Life AMC promoters to sell up to 11.47% stake via OFS

Aditya Birla Sun Life AMC promoters to sell up to 11.47% stake via OFS

Aditya Birla Capital and Sun Life (India) AMC Investments have granted approval today, March 18, for the sale of a maximum of 2.01 crore shares of Aditya Birla Sun Life AMC. This sale represents 7 percent of the company’s issued and paid-up equity share capital.  The sale will be conducted through an offer for sale … Read more