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Sebi permits government stake in IDBI Bank to be reclassified as ‘public’ after selloff

SEBI permits government shareholding in IDBI Bank to be reclassified as public after stake sale. The Securities and Exchange Board of India has given its approval for reclassification of the government’s shareholding in the bank as ‘public’ after its stake sale. The government and state-run Life Insurance Corporation of India (LIC) will sell 60.72% stake…

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IPO fundraising halves to Rs 59,412 crore in 2022 amid volatile market, muted listing

Monetary tightening, inflation, recession fears, and muted listing performance cooled down activities in India’s primary market in 2022. As much as 40 Indian companies raised Rs 59,412 crore through main board initial public offerings (IPO)s in 2022, as against Rs 1,18,723 crore (an all-time high) mobilised by 63 IPOs in 2021, according to Prime Database.…

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