Investment Banking

Hero FinCorp: Hero Fin could raise over Rs 5,000 cr in IPO, largest by an NBFC

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Hero FinCorp: Hero Fin could raise over Rs 5,000 cr in IPO, largest by an NBFC

Mumbai: Hero FinCorp, the financial services arm of India’s leading two-wheeler maker Hero MotoCorp, will likely file its draft red herring prospectus (DRHP) next month for an initial public offering (IPO), according to investment banking sources. The share sale could be worth ₹5,300 crore to ₹5,500 crore, making it the largest ever public issue by … Read more

ICICI Securities: Minority shareholders of ICICI Securities file lawsuit against delisting move

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ICICI Securities: Minority shareholders of ICICI Securities file lawsuit against delisting move

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank’s bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with … Read more