Bollywood content aggregation company Shemaroo Entertainment has set a price range (pdf) of Rs 155 - Rs 170 per equity share for its initial public offering (IPO) that is set to open next week (September 16) and close two days later (September 18). The company is looking to raise Rs 120 crore from this offering by selling 7.7 million shares (7,741,885 shares). Subscribers will have to bid for a minimum 85 shares or in multiples of 85 shares. Of the total shares offered, 60% will be offered to qualified institutional buyers (QIBs). The company has also offered a 10% discount to retail subscribers. Of the Rs 120 crore, Shemaroo plans to use Rs 106 crore to fund its working capital requirements. It plans to use Rs 80 crore in FY15 and Rs 26 crore in FY16. The remaining amount will be used for expenditure from general corporate purposes like brand…
- IRDAI Approves ‘Amazon-like’ Intermediary For Selling Insurance Products: Benefits and Concerns October 7, 2022
- Will Google offer its free VPN service on Pixel phones in India? October 7, 2022
- Tesla CEO Elon Musk will buy Twitter for $44 billion after all October 6, 2022
- Jio and Airtel showcase their surveillance systems at the India Mobile Congress 2022 October 6, 2022
- Another ED Raid on China-Linked Keepsharer App for Part-Time Job ‘Scam’ October 6, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...