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Raid Gul
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Sebi nod for 2 IPOs Fincare Small Finance Bank, Western Carriers will raise Rs625cr and Rs500 cr respectively Bizz Buzz 3 Oct 2023 12:00 AM IST ( Updated:3 Oct 2023 12:01 AM IST ) Fincare Small Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi’s approval to raise funds through Initial Public Offerings (IPOs). The two firms, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between May and June, obtained the regulator’s observation letters during September 15-22, an update with the watchdog showed on Tuesday. In Sebi's parlance, obtaining its observation letter means its clearance to float the public issue. Going by the draft paper, Fincare Small Finance Bank’s IPO comprises a fresh issue of equity shares worth up to Rs625 crore and an Offer For Sale (OFS) aggregating up to 1.7 crore equity shares by a promoter and investors. https://www.bizzbuzz.news/markets/sebi-nod-for-2-ipos-1252919

Sebi nod for 2 IPOs Fincare Small Finance Bank, Western Carriers will raise Rs625cr and Rs500 cr respectively Bizz Buzz 3 Oct 2023 12:00 AM IST ( Updated:3 Oct 2023 12:01 AM IST ) Fincare Small Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi’s approval to raise funds through Initial Public Offerings (IPOs). The two firms, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between May and June, obtained the regulator’s observation letters during September 15-22, an update with the watchdog showed on Tuesday. In Sebi's parlance, obtaining its observation letter means its clearance to float the public issue. Going by the draft paper, Fincare Small Finance Bank’s IPO comprises a fresh issue of equity shares worth up to Rs625 crore and an Offer For Sale (OFS) aggregating up to 1.7 crore equity shares by a promoter and investors.

https://www.bizzbuzz.news/markets/sebi-nod-for-2-ipos-1252919

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Value of one bitcoin in Japanese yen reaches record high  BTC  By Blocksays 17m ago • 1 min read  One bitcoin surpassed 11 million Japanese yen (approximately $70,400) on May 21st, marking the first ever such event. After a daily gain of over 7%, the average market price of the first cryptocurrency in US dollars hit a six-week high of $71,650. The Japanese yen was the first local currency to set a new record in the cryptocurrency market, according to CoinMarketCap. According to the experts at CoinMarketCap, this happened because the yen lost value compared to the dollar. The trimester’s findings indicate that the value of the yen declined by over 10% compared to the previous quarter. British, Australian, Canadian, Chilean, Colombian, Egyptian, Israeli, Norwegian, Indian, South Korean, Taiwanese, and Turkish cryptocurrency markets all displayed an increase in Bitcoin prices relative to their national currencies, as pointed out by columnist Thomas Fahrer. These markets were comparable to the historical high points of mid-March. The market price of bitcoin jumped to a new monthly high at the start of the week as large investors resumed buying, according to analysts at Santiment.
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