JSW Group plans to monetize unused land it acquired with Akzo Nobel India, selling properties that are not currently needed for operations. The company expects the divestment could recover as much as half of its initial investment. It’s considering land sales in locations such as Thane to free up capital for broader business needs.
SEBI has reportedly approved a major flexibility tweak for IPOs: companies may revise the fresh issue size by up to 50 percent without refiling the draft offer document. The change is designed to help firms raise capital more easily during volatile market conditions, easing a current rule that forces refiling if size changes exceed 20 percent from the original plan.
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