Latest news with #SecuritiesandExchangeBoardofIndia
Mint
17 hours ago
- Business
- Mint
Foodlink F&B Holdings files DRHP with SEBI for raising funds via IPO
Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Foodlink F&B Holdings IPO is a mix of fresh issue of equity shares of up to ₹ 160 crore and an offer-for-sale (OFS) component of over 1,19,53,535 shares by promoters and investor selling shareholders, according to the draft red herring prospectus (DRHP). The company's promoters - Ankita Chugh, Trans Global Hotels LLP and Sanjay Manohar Vazirani - will offload their stakes as a part of the OFS in the Foodlink F&B Holdings IPO. Arpit Khandelwal, V'Ocean Investments, Oaks Asset Management, Aarkay Investments, Welspun Group Master Trust through its trustee Balkrishan Goenka; Aarin Capital Partners through T V Mohandas Pai and Ranjan Ramdas Pai; and Bona Terra Greenhouses LLP are other investors who will divest their holdings in the company, the DRHP showed. Foodlink F&B Holdings said it may undertake a pre-IPO placement round to raise around ₹ 32 crore. If such a placement is undertaken, then the size of the fresh issue will be reduced. As per the DRHP, the company proposes to utilise the net proceeds from the fresh issue towards setting up two new centralised kitchens and investment in its material subsidiary Foodlink Global Restaurants & Catering Services for setting up four new casual dining restaurants. Funds will also be used for repayment of debt and general corporate purposes. Foodlink F&B Holdings shares are proposed to be listed on both the stock exchanges, BSE and NSE. Equirus Capital and JM Financial are the book running lead managers while MUFG Intime India is the Foodlink F&B Holdings IPO registrar. Mumbai-based Foodlink F&B Holdings (India) is a global luxury food services business focused on providing curated culinary experiences. Its business model comprises events catering, casual dining restaurants & cloud kitchens, and banquets and integrated F&B services. In the events catering business its clientele include Hardcastle Restaurant (master franchisee operator McDonald's in western and southern India), Zee Entertainment and Greenply. It operates 30 casual dining restaurants and cloud kitchens through its flagship brands such as India Bistro, Art of Dum, China Bistro, and Glocal in India and the United Arab Emirates. For the nine-month period ended December 31, 2024, Foodlink F&B Holdings reported a revenue from operations of ₹ 306.38 crore and profit after tax of ₹ 7.39 crore. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
a day ago
- Business
- Hindustan Times
109 years in Mumbai, 64 years in Gurugram: Can top earners still achieve homeownership in major cities?
In cities like Mumbai, Gurugram and Delhi, even the top earners face an uphill battle when it comes to homeownership. According to recent National Housing Board (NHB) data, the top 5% of income earners in Mumbai would need a staggering 109 years to afford a home, while in Gurugram, it's 64 years, Delhi, it's 35 years and Bengaluru, it's 36 years. These figures highlight the stark reality that homeownership is slipping out of reach, even for those in the highest income brackets. According to recent National Housing Board (NHB) data, the top 5% of income earners in Mumbai would need a staggering 109 years to afford a home, while in Gurugram, it's 64 years, Delhi, it's 35 years and Bengaluru, it's 36 years. (Representational Image)(Unsplash) But does this mean homeownership in these cities is impossible? Not necessarily. While the path to buying a home in major metros has become more complex, it isn't impossible. The key lies in creative financing, compromise on size or location, and a fundamental shift in how we think about property investment. 'The mathematical calculation behind this claim is both accurate and alarming,' says Abhishek Kumar, a Securities and Exchange Board of India (Sebi)-registered investment advisor (RIA), and founder and chief investment advisor of SahajMoney, a financial planning firm. The top 5% of urban households in Maharashtra have a monthly per capita consumption expenditure (MPCE) of ₹ 22,352. For a family of four, this translates to a monthly income of ₹ 89,408 or approximately ₹ 10.7 lakh annually. Assuming India's gross savings rate of 30.2%, these wealthy families can save approximately ₹ 3.2 lakh per year. Compared to this, the average price per square foot in Mumbai is around ₹ 30,000, and for a standard home size of 1,184 square feet, the total home cost is ₹ 3.54 crore. So, he explains, the total years needed to afford a Rs. 3.5 crore house come out to be 109 years. While Mumbai is the most unaffordable metropolis in India, the situation in other cities like Gurugram and Bengaluru is also alarming. 'The affordability crisis extends across India's major metropolitan areas as affordable housing supply (homes under ₹ 1 crore) has declined dramatically across major cities. With no surprise, Mumbai maintains the highest EMI-to-income ratio at 48%, meaning households must allocate nearly half their monthly income to home loan payments. In contrast to this, Ahmedabad at 18% is most affordable,' says Kumar. The EMI-to-income ratio shows how much of your monthly income goes toward the loan EMI. For example, if you earn ₹ 1 lakh and pay ₹ 30,000 EMI, your ratio is 30%. Read More: Planning to buy a ₹ 2 crore home? A large down payment can ease your EMI burden and reduce financial stress Can you afford a house? Is it impossible to buy a house in a big city? 'Not impossible, but certainly harder than ever before. When even the top 5% of earners in a state like Maharashtra would need 109 years of savings to buy a modest home in Mumbai, it says a lot about how skewed the housing equation has become,' says Charu Pahuja, group director and COO, Wise Finserv (Private Wealth). For most people today, owning a home in a big city isn't off the table, but it comes with real trade-offs. It could mean taking on a 25-year loan, pooling incomes with a spouse or family, buying far from work and enduring long commutes, or postponing other life goals just to make the EMI fit. We recently looked at how you can afford a home worth ₹ 2 crore and how a large down payment can reduce your EMI burden. Like anything else you buy, you need to be able to afford your home. In fact, the bank will not lend you the money required to buy a home if your income does not support it. 'The right way to estimate affordability is to figure out how much funds are available for down-payment, stamp duty, registration, home furnishing, etc. and what is the loan affordability,' says Animesh Hardia, senior vice president, Quantitative Research at 1 Finance, a personal financial management and planning platform. The classic dream of buying a comfortable home in the heart of the city through years of disciplined saving is slowly giving way to a more complex reality. 'Now, buying a home often requires compromise, creativity, and a shift in mindset. It's still possible, but it's no longer simple,' says Pahuja. Read More: To rent or sell property? Here's what you should know to make the right decision The smart middle path between buying and renting In today's housing market, owning where it's affordable and renting where it's practical is becoming the smart middle path for many working professionals. Let's be real, buying a home in the heart of a big city often means years of debt or settling for something far from work, with exhausting commutes. On the flip side, Tier 2 cities offer better value, more space, and growing potential without the price tag that keeps you up at night. Owning a home, even in a different city, can still give you that sense of emotional security: 'I have something of my own.' And continuing to rent in the city you work in lets you stay close to your job, kids' school, and social life without being tied down by a crushing EMI. 'This hybrid model works best when you're financially stable enough to handle both rent and EMI, you see your Tier 2 home as a long-term investment, not a quick flip, and you're okay with living flexibly for a few more years,' says Pahuja. Your home in the Tier-2 city can also be put on rent, giving you an additional income. For many, this is a realistic way to build wealth without sacrificing everyday comfort. You're not giving up the dream of homeownership, you're just redefining how and where it fits into your life. Anagh Pal is a personal finance expert who writes on real estate, tax, insurance, mutual funds and other topics
India Gazette
a day ago
- Business
- India Gazette
SEBI conducts raids in pump-and-dump case, seizes incriminating evidence
ANI 27 Jun 2025, 21:50 GMT+10 Mumbai (Maharashtra) [India], June 27 (ANI): Confirming certain media reports, the Securities and Exchange Board of India (SEBI) on Friday stated that it had conducted search and seizure operations at multiple locations in June, 2025 in connection with a pump-and-dump scam involving certain stocks. In a statement, the markets regulator said it had seized incriminating evidence during the raids and that an investigation is ongoing. 'Various news reports have appeared in media regarding Securities and Exchange Board of India (SEBI) raids in the matter of pump and dump scam. It is hereby clarified that SEBI has conducted search and seizure operations at multiple locations in the month of June 2025 in connection with pump and dump in certain scrips and has seized incriminating evidence. Investigation in the matter is under progress,' the SEBI statement read. A pump-and-dump scheme typically involves spreading false or misleading information to create a buying frenzy that will 'pump' up the price of a stock and then 'dump' shares by selling them at the inflated price. (ANI)
Business Recorder
a day ago
- Business
- Business Recorder
India markets regulator says probing ‘pump and dump' instances
India's markets regulator said on Friday that it found 'incriminating evidence' as a part of its ongoing investigation into 'pump and dump' practices involving certain stocks. The Securities and Exchange Board of India (SEBI) said it conducted search and seizure operations in multiple locations this month, but did not name any specific sites or companies involved. 'Pump and dump' refers to a stock manipulation practice in which market participants artificially inflate share prices through continuous purchases, luring other investors to buy in, and then sell their shares at higher prices to realise profits. Financials, metals lift Indian benchmarks to weekly gains as geopolitical, trade fears ease Local business news website Moneycontrol reported last week, citing sources, that SEBI carried out raids in Ahmedabad, Mumbai, and the northern hub of Gurugram to crack down on a pump and dump scheme worth more than 3 billion rupees ($35.1 million). The raids reportedly involved 15 to 20 shell firms. At least two listed agro-tech companies and their promoters are allegedly at the helm of the network, according to the Moneycontrol report.
The Hindu
a day ago
- Business
- The Hindu
SEBI cracks whip on market manipulators
Securities and Exchange Board of India (SEBI) conducted search and seizure operations in connection with pump and dump schemes in June 2025, according to a statement on June 27. 'It is hereby clarified that SEBI has conducted search and seizure operations at multiple locations in the month of June 2025 in connection with pump and dump in certain scrips and has seized incriminating evidence. Investigation in the matter is under progress,' the markets regulator said in a statement. Over the past month, SEBI had pulled up two cases on front running and market manipulation. One of them was Sanjiv Bhasin, a research analyst at IIFL Securities who had manipulated stocks which he recommended on television channels and had profited off them. Major stocks like Interglobe Aviation (Indigo Airlines) were manipulated using unpublished price sensitive information. The other being a pump and dump scheme in which prices of Sadhana Broadcast Ltd. and a few other stocks were pumped up by promoters and others with the help of social media and sold to more than 100 investors, significant of them being actor Arshad Warsi. SEBI had served interim orders against both of them asking them to disgorge the amount they had benefitted from this and banned them from securities market as per regulations. Pump and dump scam refers to a scheme when people take a position in stocks which are mostly SME or illiquid stocks, create a hype by recommending them to investors. Once the price of the stocks are high, they would sell them and bag the profit, leaving the investors will losses. It is violation according to Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations of SEBI.
