HDB Financial Services’ upcoming IPO, valued at ₹12,500 crore, sees its grey market premium cooling down, signaling a shift from earlier exuberance. While unlisted shares traded significantly higher previously, the IPO price of ₹740 aligns with listed NBFC valuations. HDFC Bank, divesting a portion of its stake, stands to gain substantially.
Sebi proposes to relax limits for approval, disclosure of related-party transactions
India’s markets regulator has proposed relaxing the threshold for which companies need to seek shareholder approval for related-party transactions though a system based on the