Governance risks in red herring prospectuses include promoters in similar businesses, high related party transactions such as Cello World’s 53% FY23 revenue, regulatory investigations, and Emcure Pharma’s US antitrust cases. Allied Blenders reports statutory dues delays with interest payments, and missing corporate filings suggest documentation gaps. Investors should carefully review these aspects.
Zaggle Prepaid shares jump 2.5% on Rs 950 crore fundraise plans
In addition to the fundraising approval, the company also announced the appointment of Virat Sunil Diwanji as a Non-Executive, Non-Independent Director. Diwanji is a seasoned
October 31, 2024