India’s homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report. According to Moneycontrol, citing sources, the fresh issue component will consist of Rs 5,500 crore (approximately $730 million) and the balance would be the OFS (offer for sale) category, around Rs 1,750 crore (approximately $233 million).
Tag: SEBI
Congress leader Jairam Ramesh writes to RBI, SEBI seeking investigation into Adani Group
Congress leader Jairam Ramesh has written to Reserve Bank of India Governor Shaktikanta Das and SEBI chairperson Madhabi Puri Buch, in two separate letters, seeking an investigation on the allegations levelled against the Adani Group by Hindenburg Research.
Fed official Neel Kashkari sees inflation tapering this year
Indian American banker, economist and politician Neel Kashkari, president of the Minneapolis Federal Reserve, believes inflation, currently at a four-decade high in the United States, will slow down rapidly later this year.