As some of the recent IPOs including those of new-age technology, e-commerce, and fintech companies have come under pressure, the SEBI is tightening regulations to avoid an exodus of investors. A cap has also been imposed on the quantum of funds that can be raised for use in future acquisitions. Our brief client presentation highlights these points.
Recent developments at Swiggy: Did investors block a bona fide push to ease FEMA compliance or thwart an opportunistic move to consolidate power?
Swiggy, India’s leading food delivery and quick commerce, company ran into some turbulence in its attempt to make certain corporate governance changes and convert to an Indian owned and controlled company under Indian foreign exchange regulations. Indian...