By Monika Singh | 03 Sep, 2022
SAT gives go-ahead to TMB IPO
The Securities Appeleate Tribunal (SAT) on Friday rejected the appeals filed by some shareholders of Tamilnad Mercantile Bank and also granted a go-ahead to the lender’s initial public offering (IPO). The bank is set to start the book-building process for the proposed listing from Monday.While the tribunal, headed by Justice Tarun Agarwala, has rejected the shareholders’ appeals, a detailed co...
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