Business

Meesho Receives SEBI Approval for $700–800M IPO

By BPN News Desk
E-commerce company Meesho has received clearance from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), aiming to raise between $700–800 million. This makes it one of the largest upcoming listings by a new-age Indian startup. IPO Structure and Listing Plan The issue will include a fresh share sale […]
Business

SEBI Clears Adani Group of Hindenburg Allegations

By BPN News Desk
The Securities and Exchange Board of India (SEBI) has dismissed allegations made by Hindenburg Research against the Adani Group. The regulator found no evidence that transactions routed through Adicorp Enterprises, Milestone Tradelinks, or Rehvar Infrastructure violated disclosure norms or related-party rules. Scope of Orders The clearance covers Adani entities such as
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Indian Government Initiates Stake Reduction in Public Sector Banks and Financial Institutions

By Editor - News Desk
The Indian government has initiated the process of reducing its equity stakes in select public sector banks (PSBs) and listed public financial institutions (PFIs) to comply with the Securities and Exchange Board of India’s (SEBI) Minimum Public Shareholding (MPS) norms. This move aims to bring government ownership in these institutions below 75%, aligning with SEBI

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