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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Running low on reserves, Bhavish Aggarwal seems to be in a hurry to tap the public markets to feed his cash-guzzling EV business.
Ola Electric is in dire need of equity capital. So founder Bhavish Aggarwal, after shaking all the trees in the private market—venture capital, private equity, rights issue, even debt—has now come knocking on the public market.
Last week, reports suggested that the company was preparing to file its draft IPO papers with the Securities and Exchange Board of India this week.
If it indeed clears all the hurdles and gets SEBI’s blessings, it would be a remarkable turnaround for the five-year-old company. The IPO would also be a landmark event for the startup ecosystem and automobile manufacturers.
But there is …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
