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Kolkata-based Crizac Limited files draft papers with SEBI for ₹1,000 crore IPO

[ad_1] Crizac Limited, a student recruitment solution provider headquartered in Kolkata, has submitted a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to initiate the process of raising capital through an initial public offering (IPO). The IPO comprises an offer for sale of equity shares at a face value of ₹2 each, totaling up to ₹1,000 crore by the promoter selling shareholders. This…

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Markets

T+0 settlement kick starts today. Here is how it affects you

[ad_1] Stock exchanges are set to launch the same-day transaction settlement (or “T+0”) beta version for a select few cash segment stocks starting today ( Thursday, March 28).  The T+0 settlement will occur concurrently with the current T+1 settlement cycle. Presently, the market is considering same-day transaction settlement within a year after fully embracing the T+1 cycle. Sellers under the present T+1 system may only get 80% of their cash on…

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Markets

Airtel’s unit Bharti Hexacom gets SEBI approval to float IPO

[ad_1] Bharti Airtel’s arm Bharti Hexacom has received capital markets regulator Sebi’s nod to mobilise funds through an initial public offering (IPO). The initial public offer will not have any fresh issuance of equity shares, and since it is an offer for sale or OFS, Bharti Hexacom will not receive any proceeds from the issue. Under the OFS, 10 crore equity shares will be offloaded by Telecommunications Consultants India…

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