This is the largest IPO by an asset management company in India. The IPO was oversubscribed by more than 39 times, which makes it the fourth most subscribed IPO in India till date.

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December 19, 2025 6:28 pm

The Kerala High Court on Friday reserved its judgment on an appeal filed by the Enforcement Directorate (ED) challenging a single judge bench's interim order that stayed a show cause notice issued to the Kerala Infrastructure Investment Fund Board (KIIFB) under the Foreign Exchange Management Act (FEMA), in connection with the utilisation of funds raised through masala bonds.

Latest Legal News | Latest Legal Industry News, Supreme Court News, Judgement and Updates: ET LegalWorld : ETLegalWorld.com

December 19, 2025 6:07 pm

The high court said there was a "clear departure" from the procedure expressly mandated under the Lokpal and Lokayuktas Act, and the Lokpal had erred in its understanding and interpretation of the provisions of the Act.

Latest Legal News | Latest Legal Industry News, Supreme Court News, Judgement and Updates: ET LegalWorld : ETLegalWorld.com

December 19, 2025 6:03 pm