&w=3840&q=100)
Attractive listing: Sebi eases IPO, delisting norms for startups, PSUs
Business Standard Editorial Comment Mumbai
Listen to This Article
The Securities and Exchange Board of India (Sebi) board last week took several key decisions. Taken together, these offer clarity on many points. One set of changes eases concerns for startups. Another big step is the approval of a co-investment vehicle (CIV) framework under alternative investment fund (AIF) regulations. Sebi has also made changes to regulations governing real estate investment trusts (Reits) and infrastructure investment trusts (Invits), which affect related parties and the classification of units held by such related parties. Further, Sebi has made it easier for certain types of public-sector undertakings (PSUs) to delist.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
NRIs hold back on market bets amid tax knots and regulatory hurdles
Non-residents have tax deducted at source in India, along with potential taxation in their home countries Mumbai Listen to This Article Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised (demat) accounts has soared, NRI participation figures show limited signs of a similar rise. The value of NRI assets under custody rose from ₹3,486 crore in 2018–19 (FY19) to ₹17,275.96 crore as of May 2025, according to the latest data from the Securities and Exchange Board of India monthly bulletin. But this works out to less than 2 per cent of the ₹14 trillion in NRI deposits with banks.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Comfortable position: Low inflation may not lead to another rate cut
Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention premium Business Standard Editorial Comment Mumbai Listen to This Article The data released on Monday showed that the Consumer Price Index-based inflation rate declined to 2.1 per cent in June, as against 2.8 per cent in May. The decline was largely driven by lower food prices. The all-India Consumer Food Price Index declined by 1.06 per cent, mainly because of lower vegetable prices, which dropped by 19 per cent. Given the forecast of a good monsoon, food prices are expected to remain in check. However, it is worth noting that within the food segment, the moderation in prices is not uniform. Prices of oils and fats, for example, increased by
Hindustan Times
2 hours ago
- Hindustan Times
WeWork India gets SEBI nod to launch IPO, promoters to sell shares to monetise investments
New Delhi, Jul 15 (PTI) Co-working major WeWork India has received market regulator Sebi's go-ahead to launch its Initial Public Offering (IPO), enabling the promoters to monetise their investments amid record demand for office spaces across the top seven cities. Co-working major WeWork India has received market regulator Sebi's go-ahead to launch its Initial Public Offering (IPO), enabling the promoters to monetise their investments amid record demand for office spaces across the top seven cities. (Picture for representational purposes only)(Pixabay) Bengaluru-based WeWork India Management Ltd, which filed its Draft Red Herring Prospectus (DRHP) in February, obtained observations from the markets regulator on July 8, an update with the SEBI showed on Tuesday. Established in 2017, WeWork India is promoted by Bengaluru-based real estate company Embassy Group. It has the exclusive license of the 'WeWork' brand in India. Also Read: Incuspaze acquires Pune's Trios to expand coworking biz, targets ₹350-400 crore During the 2023-24 fiscal, WeWork India posted a net loss of ₹135.83 crore over a total income of ₹1,737.16 crore. The company, however, posted a profit of ₹174.13 crore in the first six months of the 2024-25 fiscal. Total income stood at ₹960.76 crore during the April-September period of the 2024-25 financial year. In WeWork India, Embassy Group has around 76.21 per cent stake while WeWork Global owns 23.45 per cent. As per the DRHP, the proposed IPO is entirely an Offer for Sale (OFS) of up to 4.37 crore equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) will offload shares. Through the OFS, Embassy Buildcon LLP will sell up to 33,458,659 equity shares, while 1 Ariel Way Tenant Ltd up to 10,295,293 shares. Since it is an OFS, WeWork India will not receive any proceeds from the IPO. On Monday, Smartworks Coworking Spaces Ltd's ₹583 crore IPO was subscribed 13.45 times. Awfis and EFC (I) Ltd are already listed on the stock exchanges. Co-working operators are tapping capital markets to raise funds for expansion amid rising demand for both conventional and flexible managed workspaces. In its draft papers, WeWork India stated that the object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges. "Our company expects that listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. The listing will also provide a public market for the equity shares in India," WeWork India had said in the DRHP. Also Read: Mumbai real estate: WeWork India leases 1.26 lakh sq ft of commercial space in Powai for ₹1.38 crore monthly rent WeWork Global had in June 2021 invested USD 100 million in WeWork India. In January this year, the company raised ₹500 crore through a rights issue, mainly to reduce debt and achieve further growth. WeWork India provides flexible, high-quality workspaces to customers, which include companies of all sizes as well as individuals. It primarily leases Grade A office space from leading developers across Tier 1 cities and designs, builds, and operates them as flexible workspaces. Its portfolio comprises 77 lakh square feet of area, of which 70 lakh square feet is already operational. The operational desk capacity has reached 1.03 lakh. The company has a presence in Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. It has more than 500 employees.
