According to investment bankers, there were some technical issues with the draft papers and Sebi requested the company to make necessary revisions. As a result, the company decided to withdraw and refile the DRHP, they said. “The withdrawal of the DRHP has nothing to do with the weak secondary market. The company is expected to submit the revised DRHP within a month,” said one of the bankers.
Big movers on D-Street: What should investors do with Jio Financial, Tata Consumer and ZEE?
Stocks that were in focus include names like Jio Financial, which rose 0.14%, Tata Consumer, which gained 0.6%, and ZEE, whose shares jumped 3.8% on