Author: Legal Parivar

Global private equity major Blackstone-promoted Horizon Industrial Parks, India’s largest industrial and logistics infrastructure developer, has filed draft papers with the Securities and Exchange Board of India (SEBI) on December 29 to raise up to Rs 2,600 crore through an initial public offering (IPO). The proposed public issue comprises an entirely fresh issue of equity shares, with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Ahead of the IPO, the company may consider a pre-IPO placement of up to Rs 520 crore, which will form part of the fresh issue. The pre-IPO round saw participation from…

Automotive lighting products and components manufacturer Neolite ZKW Lightings has filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 29 to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO consists of a fresh issue of equity shares worth Rs 400 crore and an offer-for-sale (OFS) of shares worth Rs 200 crore by existing shareholders, including Rajesh Jain, Neokraft Global, and ZKW Group GmbH. Post the issue, the company’s promoters—Rajesh Jain, Pramod Plastic Industries, and Neokraft Global—currently hold a combined 77.38 percent stake, while ZKW Group GmbH, a…

Uniparts India Ltd on Sunday informed stock exchanges that a fire broke out at its SKG Engineering plant in Ludhiana, Punjab, on December 27, 2025, at around 10:30 pm. The company confirmed that there were no casualties or injuries. While surface finishing operations at the plant have been disrupted, Uniparts is arranging alternate manufacturing at other facilities to ensure uninterrupted customer supplies. The plant is adequately insured, and the extent of damage is currently being assessed. Key Regulatory Highlights

Ceigall India Limited on Saturday said its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has received a Letter of Award (LoA) from Madhya Pradesh Road Development Corporation Limited (MPRDC) for a major road infrastructure project in the state. The project involves the construction of a greenfield, access-controlled four-lane highway with paved shoulders between Indore and Ujjain, spanning a total length of 48.10 kilometres. The highway will start near Pitra Parvat (Km 0.000) and terminate at Km 48.100 near the Simhastha bypass (Km 2.600). According to the regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure…

New Delhi air quality continued to remain in the ‘very poor’ category on Sunday, with the Central Pollution Control Board (CPCB) recording an overall Air Quality Index (AQI) of 390. Data from the CPCB’s Sameer App showed that 19 air quality monitoring stations across the national capital slipped into the ‘severe’ category, underlining the worsening pollution situation in several pockets of the city. An earlier forecast indicated that air quality is unlikely to improve in the coming days and may continue to hover in the very poor range. Dense Fog Likely, Orange Alert Issued for Monday Adding to the concerns,…

Akums Drugs and Pharmaceuticals Ltd on Saturday informed stock exchanges that Rajkumar Bafna has resigned from his position as President–Finance, citing severe air pollution levels in Delhi as the reason for stepping down. In a regulatory filing, the company said Bafna, who was classified as Senior Management Personnel, will be relieved from his duties with effect from December 31, 2025. Resignation Letter Cites Pollution Concerns In his resignation letter addressed to Chief Financial Officer Sumeet Sood, Bafna wrote that he was stepping down “due to Delhi pollution level” and requested the company to relieve him at the earliest. “If I…

SS Retail, a multi-brand retail chain selling mobile phones, accessories and other electronic products, has filed draft red herring prospectus (DRHP) with SEBI to raise up to ₹500 crore through an initial public offering (IPO). According to the DRHP filed on December 27, the proposed IPO comprises: The company may also consider a pre-IPO placement of up to ₹60 crore, which will be part of the fresh issue component, prior to filing the Red Herring Prospectus with the Registrar of Companies. Store Network and Market Presence SS Retail currently operates across four states — Maharashtra, Karnataka, Madhya Pradesh and Goa.…

India’s largest airline IndiGo saw its domestic market share decline to 63.6% in November, down from 65.6% in October, following significant operational disruptions earlier this month, according to data released by the Directorate General of Civil Aviation (DGCA). Despite the dip, IndiGo continued to remain the country’s largest domestic carrier by a wide margin. Air India Group, SpiceJet Gain Ground The Air India Group, which includes Air India and Air India Express, increased its domestic market share to 26.7% in November, up from 25.7% in October. Similarly, SpiceJet improved its market share to 3.7%, compared with 2.6% in the previous…

The primary market is expected to remain largely quiet in the coming week starting December 29, owing to the New Year holiday season. Investors will see just one new IPO launch, and that too in the SME segment, with no mainboard IPO opening for subscription. Upcoming IPOs Opening Next Week Modern Diagnostic & Research Centre IPO Gurugram-based Modern Diagnostic & Research Centre, a diagnostic chain, has filed to raise nearly ₹37 crore through an IPO consisting entirely of a fresh issue of 40.99 lakh shares. E to E Transportation Infrastructure IPO E to E Transportation Infrastructure, which provides system integration…

The Income Tax (I-T) Department of India has mandated linking Aadhaar with Permanent Account Number (PAN) to ensure proper identity verification and curb duplicate PAN issuance. As per the latest notification issued by the Central Board of Direct Taxes (CBDT), the final deadline to link Aadhaar with PAN is December 31, 2025. Failure to comply will make the PAN inoperative from January 1, 2026, affecting banking, investments, and income tax filings. Aadhaar-PAN Linking Deadline Explained According to a CBDT notification dated April 3, 2025, taxpayers who do not complete Aadhaar-PAN linking by the December deadline will have their PAN rendered…