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Markets Regulator Sebi Plans to Reduce Minium VC Funding To Rs 25 Lakh From Rs 50 lakh

20Nov By AnkitaNo Comments

News

Markets Regulator Sebi Plans to Reduce Minium VC Funding To Rs 25 Lakh From Rs 50 lakh

Looking to provide an impetus to the early-stage startup ecosystem, markets regulator Sebi plans to reduce minimum angel fund investment for venture capital undertakings to Rs 25 lakh from the current Rs 50 lakh. Sebi may also allow the angel funds to make overseas investments up to 25 percent of their investible corpus, in line with other Alternative Investment Funds (AIFs). The move will make such funds to spread their risk by investing across geographies, sources said. There are many start-ups that require a smaller amount of validating proposition and bringing down the limit to Rs 25 lakh will help such companies raise funds at the initial stage of idea generations. Also, the Securities and Exchange Board of India (Sebi) plans to align its definition of startups with other reg...

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

7Sep By Press Trust of IndiaNo Comments

BUSINESS

PepsiCo Franchisee Varun Beverages Gets Sebi Nod For IPO

Varun Beverages, franchisee for soft drinks maker PepsiCo, has received markets regulator Sebis approval to raise over Rs 1,000 crore through an initial public offering. Besides, leading logistics service and solutions provider, Seaways Shipping & Logistics has also got Sebis nod to float an IPO. Varun Beverages and Seaways Shipping & Logistics had filed their draft red herring prospectuses with the Securities and Exchange Board of India (Sebi) in June and March, respectively. The two firms got the regulator approval on August 31, as per the latest update. The initial public offer (IPO) of Varun Beverages entails sale of up to 2.5 crore shares, including fresh issue of 1.5 crore shares and offloading of stake by the promoters. Apart from fresh issue of 1.5 crore equity sh...

Sebi Proposes Relaxed Norms For Start-up Listing

30Jul By Press Trust of IndiaNo Comments

News

Sebi Proposes Relaxed Norms For Start-up Listing

To encourage listing of start-ups, Sebi today proposed an easier framework that allows more investor categories, relaxed shareholding norms and reduced trading lot amount. In this regard, the markets regulator has mooted changes to the framework of Institutional Trading Platform (ITP), which has not seen much traction even though it was put in place in August 2015. The rules were brought in to encourage Indian start-ups and entrepreneurs to remain within the country rather than go overseas for raising funds. Seeking to widen the eligibility ambit for getting listed on ITP, Sebi has proposed increasing the category of eligible investors when it comes to shareholding before the listing. Besides QIBs (qualified institutional buyers), family trusts or systematically important NBFCs...

PepsiCo Indian Franchisee Varun Beverages Files For IPO

25Jun By Press Trust of IndiaNo Comments

BUSINESS

PepsiCo Indian Franchisee Varun Beverages Files For IPO

Varun Beverages, franchise for soft drinks maker PepsiCo, today filed preliminary papers with Sebi for an IPO to raise over Rs 1,000 crore. The IPO entails sale of up to 2.5 crore shares, including fresh issue of 1.5 crore shares and offloading of stake by promoters. The company has filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi), it said in a release. Sources said Varun Beverages expects to raise more than Rs 1,000 crore through the initial public offer. Apart from fresh issue of 1.5 crore equity shares, there would be offer for sale of up to 5,000,000 shares each by Varun Jaipuria and Ravi Kant Jaipuria & Sons (HUF), the release said. A portion of shares in the IPO would be reserved for eligible employees not exceeding five per...

JSW Ventures Gets Sebi Nod For Startup Investments

23Jun By NitishNo Comments

News

JSW Ventures Gets Sebi Nod For Startup Investments

JSW Ventures, the venture capital arm of the JSW Group, today said it has received clearance from markets regulator Sebi to begin investing in the country. JSW Ventures would focus on providing early-stage funding to technology-enabled startups operating in the education, healthcare, financial services, SaaS (software as a service) and enterprise software space. The fund will have an initial corpus of Rs 100 crore which it will invest over a three-year period. "JSW Ventures, the venture capital arm of the JSW Group, has received the mandatory clearances from Securities and Exchange Board of India (Sebi), paving the way for it to begin investing," a statement by JSW said. "Technology innovation is happening across sectors, from old-fashioned verticals like real estate to research-driv...

30Dec By Press Trust of IndiaNo Comments

BUSINESS

Indian firms raised Rs 68,608 crore through equities in 2015

Indian firms mopped up over Rs 68,608 crore through the equity market route in 2015. This is 76 percent higher than Rs 39,067 crore raised through the equity market in 2014. Out of the total Rs 68,608 crore raised, fresh capital accounted for only Rs 25,964 crore, with the remaining Rs 42,644 crore coming from offers for sale. "The year could have been even better but for the deferment of several PSU offerings. The year, of course, fell short of Rs 97,746 crore, the highest amount which has ever been raised (in 2010)," Prime Database Managing Director Pranav Haldea said. The highest-ever mobilisation through initial share sale plans was in 2010 at Rs 37,535 crore. In comparison, five IPOs had hit the capital market to garner just Rs 1,201 crore in 2014. The year 20...

Hiring firm TeamLease Services Ltd gets Sebi nod for IPO

14Dec By NitishNo Comments

Story

Hiring firm TeamLease Services Ltd gets Sebi nod for IPO

Hiring firm TeamLease Services Ltd on Monday secured approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The firm had filed its draft initial public offering (IPO) papers with the capital markets regulator in September. The company, backed by private equity funds Gaja Capital and ICICI Venture’s India Advantage Fund (IAF), is looking to raise around Rs450-500 crore through the offer. TeamLease’s core business is providing staffing solutions. The majority of its business involves providing employees engaged in sales, logistics and customer service functions. TeamLease has an estimated market share of 5-6%. The business is supported by strong processes and technology, internal processes and a professional management team with long e...