CURRENT AFFAIRS

Detailed explanation-1: -According to the document, SBI and BNP Paribas will sell 80 million and 40 million shares respectively, amounting to a combined 12% stake. “SBI Life received the Sebi approval for its IPO on Thursday.

Detailed explanation-2: -The company had filed draft papers with Sebi in October. Three companies–Allied Blenders and Distillers Ltd, the maker of Officer’s Choice Whisky, automotive component firm Divgi Torqtransfer Systems and maker LED lighting solutions IKIO Lighting–have secured Sebi’s go-ahead to float IPO.

Detailed explanation-3: -Yatra Online Inc said its Indian unit, Yatra Online Ltd, has received approval from capital markets regulator Sebi to conduct an initial public offering (IPO).

Detailed explanation-4: -Fairfax and Sequoia-backed insurtech unicorn Digit Insurance is lining up to list on the stock exchanges later this year or in early 2023 and has filed the draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchanges Board of India (SEBI).