Shravin Bharti Mittal, others join Airtel Africa board ahead of IPO

Bharti Airtel said shareholders of Airtel Africa Ltd, which houses the Indian company’s operations in 14 African countries, have constituted a board of directors, including Bharti Airtel Chairman Sunil Mittal and his son Shravin Bharti Mittal. Others appointed to the board include both Airtel representatives as well as those of big private equity players who invested […]

Reliance Capital’s general insurance unit IPO draws nearer

Reliance Capital, the financial services arm of the Anil Ambani Group, said the Securities and Exchange Board of India (SEBI) issued its final observation letter to the draft red herring prospectus filed by its general insurance unit. The group had recently seen the successful IPO of its life insurance company, Reliance Nippon Life Insurance, which […]

IREDA to sell 14 cr shares in IPO to help meet India’s renewable targets

The central government has okayed the listing of India’s premier renewable energy agency, IREDA, via an initial public offer. The move will help the non-banking finance company “increase its equity base which will help them raise more debt resources for funding renewable energy projects,” the government said. IREDA supports the non-traditional energy sector by giving […]

ICICI bank shareholders get reservation in ICICI Pru Life IPO

ICICI bank, an Indian multinational banking and financial services company, said its shareholders will get a reservation of 18.13 lakh shares in the upcoming initial public offering of its subsidiary ICICI Prudential Life Insurance. Only individual shareholders will be eligible for this reservation. On September 8, the private sector bank had said that it is […]