BSE Limited has tightened the eligibility criteria for SME companies seeking to migrate to the mainboard. The exchange now requires a higher operating profitability of Rs 15 crores for the last three financial years, with a minimum of Rs 10 crores each year. Additionally, the minimum number of public shareholders has been increased to 1,000.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000