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IPO● Neutral for Indian equities
J B Ecotex files DRHP for ₹400 crore IPO with 1.29 crore-share promoter OFS
The brief
- Fresh issue will raise up to ₹400 crore
- Promoters will sell up to 1.29 crore shares through an offer-for-sale
- IPO proceeds and promoter selling will shape J B Ecotex’s listing; Indian investors can assess its offer documents
- Adani shares in focus after ₹1.48 crore SEBI settlement over public-shareholding allegations
- SEBI drops Adani minimum public shareholding case, citing insufficient evidence of control
- India's market regulator disposes of proceedings against Adani Group companies on public-float violations
- Adani Firms Clear Another Regulatory Hurdle With SEBI Settlement
- Adani Group firms and Gautam Adani settle SEBI public-shareholding case for ₹1.48 crore