Source: DRHP of Reliance Nippon Asset Management Ltd
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Category: Excerpts
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NSE= National Single Exchange
Almost a monopoly
Source: DRHP of National Stock Exchange
The Indian Energy Exchange IPO is currently going on with it shares being offered in the range of Rs.1,645-Rs.1,650 per share
However, imagine the shock of investors, when they learnt that some of the existing investors in the company sold their shares a few days back in the range of Rs.1,582- Rs.1,617 per share !
According to a corrigendum filed by the company, Aditya Birla PE sold shares worth Rs74.93 crore to SBI Life Insurance Co. Ltd on 6 October, while Multiples PE, on 7 October “entered into letter agreements for transfer” of shares worth Rs28 crore to a clutch of high net-worth individuals.
Aditya Birla PE sold shares at a price of Rs1,582.6, while the Multiples PE has entered the share sale agreements at Rs1,617 per share-from Mint
Why would these PE firms sabotage the success of their own IPO?
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Roti,Modi Aur Reinsurance
Source: DRHP of General Insurance Corporation of India
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