Laxmi India Finance Limited has filed its draft red herring prospectus with the capital market regulator, Securities and Exchange Board of India, for an initial public offering. Laxmi India Finance is a non-banking financial institution located in Jaipur, focusing on meeting the financial requirements of underserved groups in India's lending sector. Laxmi India Finance provides a wide range of products, …
The Directorate of Enforcement has filed a chargesheet in the alleged scam at Karnataka Maharshi Valmiki Scheduled Tribes Welfare Corporation Ltd., naming former Minister B. Nagendra as the prime accused. Of the diverted funds, the ED chargesheet alleges that Mr. Nagendra siphoned off ₹20.19 crore to finance the Lok Sabha elections in his home district of Ballari in April-May 2024. …
Jana Small Finance Bank, one of the 10 entities that received the small finance bank licence in 2015, filed its draft red herring prospectus with the markets regulator on Thursday for an initial public offering. The bank plans to raise fresh capital of up to ₹700 crore through the IPO, while over a dozen existing shareholders will sell part of …
