Eldorado Agritech Ltd, known for its brand Srikar Seeds, has filed preliminary papers with markets regulator Sebi seeking approval to mobilise ₹1,000 crore through an initial public offering (IPO).
The Securities and Exchange Board of India (Sebi) has approved the initial public offerings (IPOs) of seven companies
According to sources report quoting its sources, Sebi is currently reviewing the timing of these trades to assess whether they violated regulatory norms or the bank’s internal code of conduct.
Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
In addition, the regulator is looking to revise regulations for perpetual insiders, which include founders/promoters and senior executives
The stock has now pared some of its morning losses, but is still down more than 2% at ₹2,464
The market regulator said that the funds were raised for the financing needs of the companies through various instruments such as equity, debt, AIFs, REITs, and InvITs
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