Upcoming IPO: Neelkanth Relators, a Mumbai-based real estate developer, has filed its draft red herring prospectus with the stock market regulator Securities and Exchange Board of India for an initial public offering. Neelkanth Relators IPO will entirely be a fresh share sale of 1,35,00,000 shares of the face value of ₹10 each, with no offer for sale component. About Neelkanth …
Regulator Sebi on Wednesday imposed a total penalty of Rs 35 lakh on promoters of R T Exports Ltd and its shareholder Neelkanth Realors for flouting listing and disclosure requirement norms. "The promoter and promoter group by voting against the resolution ensured the continuation of the related party transaction with Neelkanth Realtors Private Limited," Sebi said. Also, shareholder Neelkanth Realtors …
