New Delhi : Financial specialists are profoundly excited almost the Dependence Jio IPO and are anticipating it with awesome expectation. After two decades, Dependence Businesses is set to dispatch an IPO for one of its major commerce units. Presently, Mukesh Ambani has given a critical upgrade with respect to this Jio IPO . The draft outline for Jio Stages is anticipated to be recorded following month. This may possibly be the biggest IPO in the country's history. Dependence has designated a consortium of 19 banks to oversee this process. Mukesh Ambani, Chairman of Dependence Businesses, has dropped a major indicate with respect to the exceedingly expected IPO of Jio Stages. Depicting it as a "definitive breakthrough," Ambani signaled that the company is quickly progressing in its arrangements for what is balanced to be India's largest-ever IPO. Talking amid the company's profit discharge, Ambani expressed, "I am satisfied to share that we are making...
SEBI chief Ajay Tyagi gave information about more people investing in stock market in India due to lockdown
Since the lockdown came into force to control the coronavirus epidemic, retail investors' participation in the equity market has increased. Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi said this on Wednesday. Addressing a FICCI event, Tyagi said that there has been an increase in new Demat accounts as many participants have invested for the first time. Tyagi said, "We have seen a huge increase in the participation of retail investors in the last few months." He has said that the regulator has taken various steps to make it easier for corporates to raise funds as many companies are facing a variety of challenges due to the epidemic. Tyagi said that companies have been given policy discounts on various fronts including rights issue, follow-on public offers. Apart from this, the pricing framework associated with the allocation of shares has been made easier by preferential issue. Tyagi said in the meantime that the corporate bond market is li...