Markets
Veritas Finance receives SEBI approval for ₹900 crore IPO
Reported by: CNBC TV18, Moneycontrol, Business Standard ·
Summary
CNBC TV18 reported that Veritas Finance, a Chennai-based non-banking finance company, has received SEBI's approval for a ₹900 crore initial public offering. The issue has two parts: a fresh issue of ₹900 crore, where the company sells new shares and the money goes to it, and an offer for sale of up to 1.28 crore shares, where existing shareholders sell their stake. Moneycontrol reported that Norwest Venture Partners and Kedaara Capital back Veritas Finance. SEBI's approval, called observations, is the regulator's clearance of the draft IPO papers; a company can then launch the issue. Separately, Business Standard reported that MakeMyTrip's India subsidiary has also received SEBI approval to float an IPO, according to an update on the regulator's website on Monday. An IPO is the first sale of shares to the public, after which the company lists on an exchange.
AI summary of what CNBC TV18, Moneycontrol and Business Standard reported. AI can make mistakes. Read the full story on CNBC TV18
Sources
Every outlet that reported this story. Each link opens the outlet's own article.
- CNBC TV18Read on their site
- Moneycontrol · via Google NewsRead on their site
- Business StandardRead on their site
What each outlet wrote
The same news, in each outlet's own headline. Open one to read their full story.
Average tone +0.7 across 3 outlets. Their headlines lean positive.
Each score is a headline's positive words minus its negative words. It describes the wording, never the company. Business news outlets are listed first. How we measure tone
Moneycontrol · via Google News · · Tone 0
Business Standard · · Tone +1
MakeMyTrip's India subsidiary receives Sebi approval to float IPO
Nasdaq-listed travel booking platform MakeMyTrip's India subsidiary has received Sebi's approval to launch an initial public offering (IPO), according to an update available on the markets regulator's website on Monday.…
CNBC TV18 · · Tone +1
Veritas Finance receives SEBI approval for ₹900 crore IPO
Veritas Finance received SEBI observations for its proposed IPO, comprising a fresh issue of ₹900 crore and an offer for sale of up to 1.28 crore shares.
Some headlines quote an analyst. Those views are theirs, not ours.
When each outlet reported it
The first outlet to publish, then the others, with the gap after the first report.
Business Standard ·
First report
Moneycontrol ·
4 h 23 min after the first report
CNBC TV18 ·
6 h 38 min after the first report
Key terms
Words in this story, explained in plain language in our Learn pages.
- IPO
An IPO is when a company sells its shares to the public for the first time. Learn about price bands, lot sizes, allotment, and why the "grey market premium" is not official data.
Learn: What is an IPO, and why GMP is unofficial
Earlier coverage
What outlets reported about the same company before this story, newest first.
Business Standard ·
Veritas Finance names Mathew Joseph non-executive chairman of its board
Ask Hypeless about this story
Ask what it means, what a term in it means, or what other outlets said. Answers use only these outlets' headlines.
- What happened here, in simple words? Veritas Finance receives SEBI approval for ₹900 crore IPO
- Where do the outlets differ in how they report this? Veritas Finance receives SEBI approval for ₹900 crore IPO
- What does "IPO" mean?