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Trafiksol provides clarification after postponement of SME listing
Small and medium enterprise (SME) Trafiksol, whose listing was postponed by the BSE due to some issues raised during the fundraising, has informed investors that it will pay 15 percent interest per annum to all those who will be allocated shares for the period. late in registration. The company’s listing on September 17 has been postponed. She had proposed a plan to purchase software from a company described as “questionable” by market players. Most of the proceeds from the IPO were to be used for this purchase. He also consented to the appointment of a supervisory agency to regulate the payment thereof.
Half a dozen companies file DRHPs
The euphoria in the initial public offering (IPO) market shows no signs of slowing down. So far this week, half a dozen companies have filed their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). Companies that have filed their DRHPs include Vikran Engineering, Midwest, Rahee Infratech, Vikram Solar, Dr Agarwal Health Care and Jaro Institute of Technology Management and Research. In addition, half a dozen others are expected to file before the end of the week.
1st MF transaction on ONDC
The Open Network for Digital Commerce (ONDC) facilitated its first mutual fund (MF) transaction on Tuesday. The Rs 100 transaction was made in a balanced fund, said Hrushikesh Mehta, senior vice president of financial services at ONDC. The platform has partnered with the Nippon India Mutual Fund. Mehta said more asset management companies would soon join the group. “It took us 18 months, but we have taken the first step in transforming our nation from savers to investors,” he said.
First publication: October 1, 2024 | 11:13 p.m. STI