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…
Urban Company Files DRHP For INR 1,900 Cr IPO
Urban Company has filed its DRHP (Draft Red Herring Prospectus) for a ₹1900 crore IPO. The IPO will comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders, including Tiger Global. The funds raised through the fresh issue will likely be used for business growth and strategic initiatives, while the OFS allows existing investors to partially liquidate their holdings. This IPO marks a significant step for the online home services platform as it seeks to tap the public markets for capital.