Lured by the promise of outsized returns, early access to high-growth companies, and lower fees, retail investors are venturing into the unregulated and risky world of unlisted securities. This, even as the market regulator increasingly tightens its watch over platforms offering such trades, going to the extent of calling such trading illegal.
Open FlipThe state registration department is looking to increase the participation of builders under its online registration initiative for first-sale properties at developer offices, which was launched 2 years ago and has engaged 300 developers across Maharashtra since then. The initiative aimed at reducing footfall at registration offices by enabling the buyers to complete the online registration.
Open FlipPune-based Nelsoft Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).The IPO includes a fresh issue of Rs 1,000 crore and an offer for sale of up to 8 million shares by existing promoters and shareholders. Catch all the market action on our live blogThe proceeds from the IPO will be utilized.
Open Flip