Defining the 'same line of business', Sebi said at least 50 per cent of revenue from the operations of the listed holding and listed subsidiary company must come from the same line of business, said SEBI.
Under the new rules, timelines for completion of various activities forming part of the delisting process have been introduced or revised to make it more efficient.
Currently, Sebi-registered alternative investment fund (AIF) or venture capital fund (VCF) are permitted to invest overseas, subject to an overall limit of USD 750 million.
The Securities and Exchange Board of India (SEBI) has extended the deadline to file the financial results for the quarter and the financial ended March 31, 2021, to June 30.
In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company's equity shares for sale.
"This is incorrect. Wouldn't typically comment on speculation, but had to in order to stop the barrage of phone calls from the press and friends/family. Back to work," he tweeted.
Such projects will provide an exceptional opportunity to the interns to apply their IT and data analytics skills while gaining valuable exposure to the functioning of the Indian capital markets.
SPACs are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
