{"id":1127,"date":"2018-10-20T18:56:32","date_gmt":"2018-10-20T13:26:32","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=1127"},"modified":"2018-10-20T18:56:32","modified_gmt":"2018-10-20T13:26:32","slug":"bharat-hotels-signal-ipo","status":"publish","type":"post","link":"http:\/\/www.bazaarindicator.com\/news\/bharat-hotels-signal-ipo\/","title":{"rendered":"Bharat Hotels Gets the Market Regulator Sebi\u2019s Green Signal to Float an IPO"},"content":{"rendered":"<p style=\"text-align: justify;\">Bharat Hotels runs 5-star properties under LaliT brand has finally received a go-ahead signal from the market regulator the Securities and Exchange Board of India (<strong>SEBI<\/strong>) to float an initial public offer (<strong>IPO<\/strong>). With this clearance of Sebi; the count has reached 60 so far till date. Bharat Hotels obtained \u201cobservations\u201d on 12th October, as per the latest update with the market regulator SEBI.<\/p>\n<p>The market regulator SEBI\u2019s observations are quite necessary for a firm to float public offers like follow-on public offer (FPO) and initial public offer (IPO).<\/p>\n<p style=\"text-align: justify;\">This IPO comprises a sale of equity shares worth around <strong>INR 1,200 crore<\/strong>. The proceeds will be utilized for repayment of loans availed by a firm &amp; for other general corporate purposes. HDFC Bank Ltd, YES Securities (India) and Edelweiss Financial Services will be the lead managers of this public issues.<\/p>\n<p>Currently, the company has been operating 12 hotels, resorts and palaces under the brand name LaLiT.<\/p>\n<p><strong>Image Credit<\/strong>:\u00a0Bharat Hotels<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Hotels runs 5-star properties under LaliT brand has finally received a go-ahead signal from the market regulator the Securities&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bharat Hotels Gets the Market Regulator Sebi\u2019s Green Signal for IPO<\/title>\n<meta name=\"description\" content=\"Bharat Hotels runs 5-star properties under Lalit brand has finally 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