Juniper Hotels, owned by Saraf Group, has filed its Draft Red Herring Prospectus (DRHP) with Sebi to raise funds for its IPO. The IPO will consist of a fresh issue of equity shares worth up to Rs 1800 crore. The proceeds will be used for debt repayment and general corporate purposes. Juniper Hotels is a luxury hotel development company and the largest Hyatt-affiliated owner in India. It plans to add more luxury and upscale hotels to its portfolio. The IPO comes as the travel and hospitality sector experiences a strong rebound.
NCLAT upholds ICICI Securities delisting, dismisses minority shareholder objections
The NCLAT upheld the NCLT’s approval of ICICI Securities’ delisting, dismissing appeals by Quantum Mutual Fund and Manu Rishi Guptha. The tribunal ruled that objections
March 10, 2025