Sebi has introduced new measures to simplify voluntary delisting for specific PSUs, excluding banks, NBFCs, and insurance firms, where the government or other PSUs hold at least 90% of shares. The amended regulations allow delisting through a fixed price mechanism, eliminating the need for a two-thirds majority approval from public shareholders.
SBI Funds Management seeks Rs 2,000 crore in pre-IPO round
SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes