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The Securities and Exchange Board of India (SEBI) made a market listing due to similarities in a private letter by tech insurance unicorn Digit Guarantee.
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The Draft Red-Herring Prospectus (DRHP) filed for your Initial Public Offering has been rejected. SEBI has mentioned in the letter.
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The so-called stock appreciation rights the company does not rely on report to employees. This is a blow to the claim of the other company.
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Market Guidelines As of September 2022, Digit's offer has been put on hold due to some compatibility issues. stock appreciation rights to employees,
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The bonus is capable of being blue, equal to an increase in the value of the company's stock. For those authorizations SEBI has prohibited the grant of choice of such employees.
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Mumbai-based Ghoom is now looking for its $440 million (Rs 3585 crore) IPO, according to a Reuters report.
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It also said that the company's IPO plan remains on hold until it makes changes to the assessed share rights for employee stock plans (ESOP).
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The company is currently evaluating modifications to its employee stock appreciation rights plan, and one possibility will be disclosed at that time.
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Established in the year 2017, Digit Insurance provides general insurance services, and is backed by shareholders such as Indian investment firm TVS Capital Funds.