Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Flipkart-Backed Shadowfax Files Updated DRHP To Raise ₹2,000 Cr Via IPO
Start-Up & DPIITStock Market
Shadowfax filed an updated Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹2,000 crore via IPO, including fresh issue and offer-for-sale components. Funds will be used for technology upgrades, network expansion, and debt repayment. The article explains how Shadowfax’s consistent profitability and Flipkart’s backing boost investor appeal. It places the IPO within India’s growing wave of new-age startups emphasizing financial discipline and market readiness.
