Crypto lender Celsius Network, which is into bankruptcy proceedings, filed to return custody holders’ funds to them, ahead of a separate hearing to address ongoing questions about its efforts to restructure and relaunch its operations. The distribution of funds to former customers of the defunct crypto exchange Mt Gox will begin on a repayment date to be set in due course, according to a notice to creditors.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.