The Securities and Exchange Board of India (“SEBI”), by way of a circular dated May 21, 2020, has revised the framework in relation to post-default cure period and has provided flexibility to credit rating agencies (“CRAs”) and permitted them to upgrade a company in certain cases from default to a higher grade after the […]
SEBI Credit Rating Covid 19 Relaxation
SEBI Credit Rating Covid 19 Relaxation For more information please see below link:
NTPC acquires Centre’s stake in NEEPCO, THDC for Rs 11,500 crore
The company informed it signed share purchase agreement on Wednesday to buy central government’s entire 74.496 per cent stake of THDC for a consideration of Rs 7,500 crore New Delhi: Making an aggressive bid, the country’s largest power producer NTPC on Thursday announced acquisition of the government’s entire stake in two hydropower producing companies – […]
SEBI Watch: Make Sterling and Wilson promoters keep IPO promise
It is said that an unkept promise is as good as a well-disguised lie. When Sterling and Wilson Solar made a public offering of its shares, the prospectus said the company’s promoters will repay the 26 bln rupees they had borrowed from the company from the sale of their shares. This amount was an inter-corporate loan […]
IREDA, Shyam Steel get SEBI’s go ahead to launch IPO
State-owned IREDA and Kolkata-based firm Shyam Steel Industries have received markets regulator Sebi’s approval to float initial public offerings (IPO). Shyam Steel has got observations of the markets watchdog on September 20. It had approached Sebi with its IPO papers in June. State-owned Indian Renewable Energy Development Agency (IREDA) and Kolkata-based firm Shyam Steel Industries […]
New Sebi norms to help InvITs AUM to jump 5-fold to Rs 2 trillion
According to the Crisil, the amendments in InvIT regulations by the Sebi has accelerated adoption of the financial instrument as an asset class. Issuances of infrastructure investment trusts (InvITs) are expected to grow fivefold to more than Rs 2 trillion in next two years, following the relaxation of some norms by the regulator Sebi, says […]
Sterling and Wilson Solar gets Sebi nod for Rs 4,500 crore IPO
The IPO will be an OFS by the Chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company. New Delhi: Sterling and Wilson Solar Ltd (SWSL) has received approval from markets regulator Sebi to float its Rs 4,500-crore initial public offering. The capital markets regulator issued its final observations on SWSL’s IPO proposal on July 4, […]
India to be a large market for storage batteries in two years: Khurshed Daruvala
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
Shapoorji Pallonji likely to go public with solar EPC business, says report
The documents will be filed by Sterling and Wilson, the company which houses the EPC business, by early next month, the sources told Mint. The company, the paper said, hired six investment banks to manage the share sale. Shapoorji Pallonji Group is likely to file draft documents with Securities and Exchange Board of India (Sebi) […]