Casual dining chain Barbeque Nation has hired two additional merchant bankers, SBI Capital and Ambit Capital, and is preparing a fresh draft red herring prospectus to be filed with market regulator SEBI this month or early next month, sources told Moneycontrol. The Dhanani family-promoted Barbeque Nation, backed by private equity firm CX Partners, has been trying to go public since mid-2017. However, regulatory hurdles and unfavourable market conditions have delayed the planned Dalal Street debut.“SBI Capital and Ambit Capital have recently been appointed for the IPO and join IIFL & Axis Capital which had been taken on board earlier this year when the listing plans of the firm were revived. The target is to hit the markets before March 2020, but that may be challenging due to the tight timeline,” a source told Moneycontrol.The Dhanani family hold 45.7 percent in Barbeque Nation through a subsidiary of their listed flagship Sayaji Hotels. CX Partners owns 21.72 percent … [Read more...] about Barbeque Nation to file DRHP soon; SBI Cap, Ambit Cap roped in as advisers
Ohio toll road
Ammu Joseph “Does he have to rape me for you to act?” asked the headline of a first-person account on the front page of Deccan Herald on December 5, exactly a week from the day the burnt body of a 26-year-old veterinary doctor was discovered on the outskirts of Hyderabad.The young, Bengaluru-based journalist described a frightening experience with a stalker on her way home from work, both office and residence located in the city’s reasonably well-lit and busy Central Business District. Although it was just past 9 PM and lots of people were around, she wrote, they “saw everything but chose to remain quiet”, even when she finally shouted at the man who had been harassing her ever since she had left the Metro station.Close On December 6, we woke up to the shocking news of the extrajudicial killing of all four men detained as prime suspects in the gang-rape and murder of the veterinarian. Equally, if not more, appalling was the enthusiastic approval and … [Read more...] about Society | Is outrage about sexual assault the flip side of indifference?