The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), allowing the company and its managing director and chief executive officer, Punit Goenka, to proceed with a proposed preferential issue of fully convertible warrants worth around ₹3,100 crore. The decision provides a crucial window for the company to complete a...
India’s capital markets could soon witness a historic milestone as the National Stock Exchange (NSE) moves closer to launching what may become the country’s largest-ever initial public offering (IPO). Market estimates indicate that the proposed public issue could be valued at nearly ₹30,000 crore, surpassing previous record-breaking offerings and marking a significant development in the...
Ahmedabad: Adani Group Chairman Gautam Adani on Thursday strongly criticised the allegations made by US-based short-seller Hindenburg Research, demanding a “national apology” from those who propagated what he described as “false and baseless narratives.” His statement comes after the Securities and Exchange Board of India (SEBI) officially gave the Adani Group a clean chit in...