New Delhi: SEBI on Monday barred Capital Exchange India and its partners from the securities market for six months for providing unauthorised investment advisory services and directed them to refund investors’ money. PTI
Swiggy raises $700m in fresh round of funding
Food delivery platform Swiggy on Monday said it has raised $700 million (nearly Rs 5,225 crore) in new funding, led by investment firm Invesco, which will be mainly used for accelerating growth of its core platform and growing its quick commerce grocery service Instamart. It values the company at $10.7 billion. PTI
Ethos files IPO papers with markets regulator
Luxury and premium watch retail player Ethos has filed preliminary prospectus with capital markets regulator SEBI to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares aggregating to Rs 400 crore and an offer-for-sale (OFS) of up to 1,108,037 equity shares, according to the draft red herring prospectus. PTI
IEX profit rises 39% to Rs80 crore in Q3
Indian Energy Exchange posted nearly 39% rise in consolidated net profit to Rs 80.73 crore in the December quarter mainly on the back of higher revenues. Total income of the company rose to Rs 130.77 crore in the December 2021 quarter from Rs 96.09 crore in the year-ago period.
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