Sebi said a limit would not apply if the proposed acquisition has been identified and specific disclosures about such investments were made in the offer document.
To avoid luring users who do not have an understanding of virtual currencies, WazirX has been keeping away from print and television advertisements, founder Nischal Shetty told ET.
Sources close to the discussions told ET that concerns are being raised around the number of cryptocurrency exchanges operating out of India and how prices of the same cryptocurrencies tend to differ at the same time across platforms creating arbitrage opportunities.
The government is finalising legislation that will pave the way for regulation of crypto asset trading while barring the use of virtual currencies for payments and transactions.
Chaudhry had pivoted the bank toward a better quality franchise and the bank would soon catch up with the NIMs and RoAs reported by the likes of ICICI Bank and HDFC Bank.
Electric-car maker Tesla Inc rose 2.4%, even as CEO Elon Musk sold $930 million in shares. The stock had tumbled around 13% after Musk began selling shares last week.
Last month, the Bombay High Court had granted an injunction against Invesco, the largest shareholder of ZEE, over the requisition notice for board reconstitution. This was challenged by the offshore investor before a division bench.
They added that without an early equity infusion, the cash strapped telco would continue to be short on 4G capex funds and concede more market share to financially-stronger rivals, Reliance Jio and Bharti Airtel, who are known to be investing far bigger sums on capex to boost network coverage and capacity.
Under this, the company plans to issue secured, redeemable and taxable non-convertible debentures on a private placement basis, in one or more tranches up to Rs 99 crore, it added.
“We believe that the new 737 MAX airplane will support our aim of running not just a cost-efficient, reliable and affordable airline, but also an environmentally friendly company with the youngest and greenest fleet in the Indian skies,†said CEO Vinay Dube.
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