Pune-based KSH International has filed a DRHP with SEBI to raise Rs 745 crore via IPO, comprising a Rs 420 crore fresh issue and Rs 325 crore OFS. The magnet winding wire manufacturer exports to 24 countries and plans to use proceeds for debt repayment, machinery expansion, and a solar plant setup. Its FY24 revenue rose 32% to Rs 1,383 crore.
IRDAI proposes clawback of commissions in case of mis-selling
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling.