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A Listing Without an IPO:Piramal Finance and Piramal Enterprises Merger

Introduction When Piramal Finance Limited (PFL) appeared on the stock exchanges without launching…

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Role of Unit Holders in InvITs: Learning from Shareholder Principles

Introduction. Infrastructure Investment Trusts (InvITs) were introduced to provide funds and liquidity for…

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SEBI’s December 2025 ICDR Tweaks: Making IPO Compliance Practical Again

At its meeting held on 17 December 2025, the SEBI Board approved select…

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SEBI Board Reforms (December 2025): LODR, HVDLE & NCS Simplification

At its 212ᵗʰ Board Meeting held on 17 December 2025, the Securities and…

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