New Delhi, July 7 (IANS) Cult.fit, the fitness and wellness platform backed by prominent investors including Temasek, Tata Digital, Accel and Kalaari Capital, has filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), but the filing also lays out several business and operational risks that prospective investors will need to weigh.The proposed IPO comprises a fresh issue of shares worth up to Rs 950 crore and an offer for sale (OFS) of up to 17.86 crore equity shares …
Latest Auditors News & Updates
New Delhi, June 8 (IANS) Vedanta Resources has run into a credibility test in the US listing of its copper business, with auditors flagging concerns over the financial viability of its main asset, which has been piling up losses, according to a regulatory filing.The mining group has filed for an initial public offering (IPO) of CopperTech Metals Inc, a US-domiciled entity that owns and operates Vedanta’s Zambian copper mines and is expected to list on the New York Stock Exchange under the tick…
New Delhi, Dec 23 (IANS) CobraPost editor Aniruddha Bahal on Tuesday alleged that related-party transactions exceeding Rs 10,000 crore have taken place involving Cholamandalam Investment and Finance Company Limited and entities linked to the Murugappa Group, describing the matter as a clear case of conflict of interest.Speaking to IANS, Bahal said the investigation found that auditors were charging unusually high fees.While high fees in themselves may not be an issue, he stressed that auditors a…