Start learning 50% faster. Sign in now
In December 2021, The Securities and Exchange Board of India (SEBI) cleared a slew of amendments to various regulations and tightened the rules for initial public offerings (IPOs). If a company has not identified acquisition or investment targets as objects in the DRHP and the offer document, then the amount for such objects cannot exceed 25 percent of the amount being raised. Also, If a company in its Draft Red Herring Prospectus (DRHP) sets out an object for future inorganic growth but does not identify any acquisition or investment target, then the amount for such objects and amount for general corporate purpose cannot exceed 35 percent of the total amount being raised, the regulator said "Above limits shall not apply if the proposed acquisition or strategic investment object has been identified and suitable specific disclosures about such acquisitions or investments are made in the draft offer document and the offer document at the time of filing of offer documents," SEBI said.
With reference to the concept of ‘Helicopter money’, consider the following statements:
1. It refers to non-repayable money transfer from the...
What are the two core areas of research for the International Centre of Excellence for Dams (ICED), IISc Bangalore?
What is the objective of the ‘Palna’ scheme under the Ministry of Women and Child Development?
Who is the author of the book "How the Earth Got Its Beauty"?
India's economy is projected to growth according to IMF:
1) India's economy is projected to grow at 6.3 percent in FY 24.
2) India's econo...
What is the SLR (Statutory Liquidity Ratio) requirement (as a percentage of NDTL) for Payment Banks?
The international climate change summit COP27 was held in which country?
What is the name of the advanced 5th generation battle tank introduced by the Israeli Defense Ministry?
How many new districts, including Meluri, have been created in Nagaland over the last three years?
When was the ‘Earth Hour 2022’ observed this year?