Lalithaa Jewellery Mart, a prominent South Indian jewellery retailer, has filed its DRHP with SEBI to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale, with proceeds aimed at expanding its store network across India.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative