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Mumbai-based ICICI Prudential Asset Management Company Ltd has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Company had filed its IPO papers with Sebi on 8 July, 2025. The IPO consists of an offer for sale by promoter - Prudential Corporation Holdings. As on the date of the DRHP, the issued, subscribed and paid-up share capital of the Company is 17,652,090 shares of Rs 1. Post completion of the proposed bonus issuance, the issued, subscribed and paid-up Equity Share capital of our Company shall increase from 176,520,900 Equity Shares of face value of ₹ 1 each to 494,258,520 Equity Shares of face value of ₹ 1 each. Subsequent to the proposed bonus issuance, if undertaken, the number of Offered Shares by Prudential Corporation Holdings shall be up to 49,425,852 Equity Shares of face value of ₹ 1 each. ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation...

December 1 , Hyderabad, India  — SAI Parenteral's Limited (SPL), a diversified pharmaceutical formulation company,  today  announced the acquisition of a 74.6% controlling stake in Noumed Pharmaceuticals Pty Ltd, an Adelaide-based pharmaceutical company, for an aggregate sum of INR 125 crore. SAI Parenterals has filed its IPO DRHP with SEBI in September 30, 2025 - the offer, with a face value of Rs 5 per equity share, comprises a fresh issue of up to Rs 285 crore and an offer for sale of up to 3,500,000 equity shares by existing shareholders. Noumed Pharmaceuticals, a company with AUD 60 million in revenue, is a supplier of private label over the counter (OTC) products to pharmacy chains across Australia and New Zealand. The company is currently establishing a state-of-the-art manufacturing facility in Adelaide with an investment of AUD 53 million. The facility is expected to begin commercial operations by the fourth quarter of CY 2026. With a strong portfolio of over 451...

New Delhi, 1 st  December 2025:  Panasonic Life Solutions India, a leading diversified technology company, has onboarded  MS Dhoni,  India’s most celebrated cricketing icon and universally known as  “Captain Cool”  as the new brand ambassador for its Air Conditioners portfolio in India. Dhoni exemplifies consistency, composure, and high-caliber performance, qualities that mirror Panasonic’s legacy of captaining next-generation cooling solutions. The association of the two cool CaptAIns will together reinforce Panasonic’s commitment to  TRUST - cutting-edge  Technology , proven  Reliability ,  Ultra-Efficient  performance,  Superior Cooling , and  Trusted Quality . The association comes at the right moment for Panasonic, as the company accelerates its vision to become a top HVAC brand in India and strengthen its connection with millions of households. With Dhoni joining the Panasonic family, the company aims to bu...

  The IPO is complete fresh issue aggregating to ₹ 2,900 million Madhuri Madhusudan Kela, wife of ace investor Madhusudan Kela, has a 5.6% stake in the company New Delhi–based MV Electrosystems has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO). The offer, with a face value of Rs 5 per equity share, consists of a fresh issue of up to ₹ 2,900 million. Madhuri Madhusudan Kela,  wife of well-known investor Madhusudan Kela,  has 11,50,000 shares or 5.6% stake in the company as on the date of the Draft Red Herring Prospectus. The proceeds from its fresh issue worth ₹1800 million will be for funding long-term working capital requirements of the company, ₹ 210 million for investment in research, design and development activities for new power electronic equipment, and general corporate purposes. The issue is being made through the book-building process, in line with SEBI ICD...