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MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock ...Read More >
New Delhi, Jul 1 (PTI) India's sports administration could become heavily supervised by the government going by the newly-unveiled Khelo Bharat Niti which seeks to create "national level regulatory bodies and inter-ministerial committees" to ensure "ethical practices" and prepare the country for possibly hosting the 2036 Olympics. The 20-page document, which has been accessed by PTI, will be the guiding force of structural changes in Indian sports ecosystem and includes a detailed plan for "str ...Read More >
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