In its judgement dated May 6, the NCLT Bench, which is composed of judicial member Reeta Kohli and technical member Madhu Sinha, approved the resolution plan that Sapphire Media Limited had filed.
The rejection was attributed to a lack of consensus among the broker community, as stated by Chauhan. Consequently, the plan to extend trading time is currently on hold.
The company may consider a pre-IPO placement of up to 40 lakh equity shares, which would result in a reduction of the fresh issue size if completed.
Edaravone injection is prescribed for the treatment of ALS, a condition characterized by the gradual degeneration of nerves controlling muscle movement, leading to muscle atrophy and weakness.
At the upper price range of ₹452 per equity share, 36 anchor investors contributed ₹548.77 crore to the Indegene IPO on Friday, May 3.
According to current data, net absorption in India's top seven office markets surpassed 40 million sq ft and will reach 41.97 million sq ft by 2023.
TBO Tek aims to raise ₹1,550.81 Crore through its IPO, priced at the upper end of the price band of ₹875-920 per share.
Indian benchmark indices Sensex and Nifty 50 closed lower on Tuesday, extending their losing streak to the second day.
In April, the United States did not renew Venezuela's general license to export oil and fuel to its designated markets, and corporations were given 45 days to complete agreements.
The company's ₹3,000-Crore initial share sale is scheduled to debut on Dalal Street on May 8, with the closing date set for May 10.

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