India’s capital markets regulator, Sebi, has approved Offer For Sale (OFS) for private-listed Infrastructure Investment Trusts (InvITs) through a stock exchange mechanism. InvITs offer investors opportunities to invest in infrastructure projects and provide risks diversification through pooling arrangements.
Zomato, Swiggy shares rise up to 3% as platforms drop rain surcharge waiver for members
Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery