Kolkata-based student recruitment solution provider, Crizac Limited, has filed draft red herring prospectus (DRHP) with with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).The IPO comprises an offer for sale of equity shares at a face value of ₹2 each, totaling up to ₹1,000 crore by the promoter selling shareholders.
Open FlipThe company has reported a mixed set of numbers in its quarterly results (Q3FY24) and nine-month results (9MFY24).Bharat Heavy Electricals Limited (BHEL) secured a significant domestic order worth approximately Rs 4,000 crore (excluding GST) from Adani Power Limited on March 27, 2024. This contract involves BHEL supplying equipment (boilers, turbines, generators) and supervising the erection.
Open FlipThe eagerly awaited T+0 settlement cycle in the Indian capital markets became operational on 28 March, albeit on an optional basis, after the Securities and Exchange Board of India (Sebi) board approved a pilot. For now, T+0 settlement will run parallel to the existing T+1 settlement cycle in the equity cash segment. Sebi will assess the pilot after three and six months.
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