Startup Policy Forum Launches Centre for New-Age Public Companies (CNPC) to Support India's Listed and IPO-Bound Startups
Business Wire India
The Startup Policy Forum (SPF), an alliance of over 50+ leading new-age companies, today announced the launch of the Centre for New-Age Public Companies (CNPC) — a first-of-its-kind platform to support the fast-expanding pool of listed and IPO-ready startups as they navigate the critical transition from private to public entities.
SPF announced the launch of its Centre in the presence of SEBI Chairman, Shri Tuhin Kanta Pandey, at a high-level delegation meeting with 20 startup founders and leaders in Mumbai.
India's capital markets have been consistently outperforming global indices, creating strong momentum for new-age companies to list domestically. With nearly 40 startups – collectively valued at over $90 billion – expected to go public in the near future, a structured, founder-led platform to support this wave is both timely and essential.
The Centre aims to address the unique regulatory, governance, and market-readiness challenges faced by these firms, while fostering a collaborative ecosystem between new-age companies, regulators, institutional investors, stock exchanges, bankers, policymakers and other ecosystem participants.
Shweta Rajpal Kohli, President & CEO, Startup Policy Forum said, 'India's capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets.'
Ashish Chauhan, MD & CEO, NSE, said, 'The emergence of new-age companies in the public markets is a significant evolution. Initiatives like CNPC will promote better governance, transparency, and capital market preparedness while fostering trust among retail and institutional investors.'
The CNPC will work across four pillars: Advocacy: Engaging with SEBI, other regulators, policymakers, public market investors and market institutions to ensure the regulatory framework evolves in step with the needs of new-age public companies.
Capacity Building : Workshops, masterclasses, and webinars on compliance, corporate governance, investor relations and ESG best practices.
Community Engagement: Facilitating peer learning, knowledge sharing, thought leadership, and collective problem-solving among founders and CXOs of listed and soon-to-be-listed companies.
Research & Insights: Developing toolkits, policy briefs, and governance guides tailored to the specific requirements of new-age public companies.
The 25-member SPF delegation that called on SEBI Chairman included Ritesh Agarwal, Founder & CEO, OYO, Shashank Kumar, Co-founder & MD, Razorpay, Rohit Kapoor, CEO, Swiggy Food Marketplace, Ankit Fatehpuria, Co-Founder & CFO, Zetwerk, Shashank ND, Co-founder, Practo, Sanket Shah, Co-Founder & CEO, InVideo, Miten Sampat of CRED, Nischay AG, Co-founder, Jar, Ajay Lakhotia, Founder, StockGro, and senior executives from ixigo, Bluestone, Acko and Eazydiner.
SPF's membership already includes several listed startups, including Swiggy, ixigo, Ather Energy, MobiKwik and Blackbuck. Many more are on the path to listing including Pine Labs, Meesho, Groww, IndiQube, Curefoods, Bluestone and Physics Wallah.
Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same.
Ahmedabad Plane Crash
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
CGS International Accelerates Sustainability Efforts and Unveils Second Sustainability Report
The Group received 17 Sustainability-related awards in 2024, spanning CSR, DEI and ESG categories. Notable progress was made on its eight Sustainability Focus ("8SF") areas, including the launch of its ESG Incorporation Framework ("ESGIF") to guide the development of ESG-labelled products and services. Starting 2025, the Group will focus on further ESG incorporation into its products and services, tracking Scope 3 emissions, and integrating climate risk into its risk management framework. SINGAPORE, July 23, 2025 /PRNewswire/ -- CGS International Securities Pte Ltd ("CGS International") has published the second edition of its sustainability report, reaffirming its commitment to sustainable practices in its business and operations. The 2024 Sustainability Report is aligned with globally recognised sustainability reporting standards, Global Reporting Initiative ("GRI"), as well as the International Financial Reporting Standards S2 on climate-related disclosures. "CGS International remains committed to future-proofing our business by embedding sustainability in our strategy. We are focused on creating long-term value for our stakeholders and giving back to the communities we serve. At the same time, we continue to facilitate capital flows between China and ASEAN, some of which could be channeled to sustainable development areas that address climate and biodiversity risks in the ASEAN region," said Ms Carol Fong, Group CEO of CGS International. Promoting Bilateral Relations and Mutual Growth In an increasingly fragmented and volatile global economy, it is important for Asian countries to forge closer regional cooperation to increase collective influence and trade resilience. The Group strengthened its role as a China-ASEAN nexus, facilitating not only capital flows, but also bilateral relations. In 2024, several high-impact conferences were organised across Southeast Asia and China, including the CGS SEA Bilateral Investment Forum 2024 in Hainan, which brought over 300 business leaders from China and ASEAN together. The Group also fostered closer relations between China and Malaysia, including a letter of intent between the governments of Hangzhou and Kuala Lumpur, and hosting high-level delegates to deepen bilateral cooperation. A notable initiative within the Group was the launch of a secondment programme between CGS International and its parent company, China Galaxy Securities, with the aim to facilitate cross-cultural exchanges and strengthen intra-group ties. Deepening ESG Integration Across the Group The 2024 report highlights meaningful progress across the Group's 8SF areas and marks a milestone in its Vision 2025 Strategy and Business Plan, the five-year roadmap that places sustainability at the heart of its strategic direction: Made material progress in emissions tracking, where Scope 2 emissions tracking was extended to international offices. Developing reduction targets and plans for Scope 1 and 2 for Malaysia, Indonesia, Singapore and Thailand offices in 2025 and 2026. Laid the groundwork with the continued measurement of Scope 3 emissions Category 1 (Purchased Goods and Services) from previous years Embarking on other Scope 3 categories covering business travel and finance-related activities in future years. In 2024, CGS International advanced its "Sustainable Finance" focus by introducing the ESGIF, developed and endorsed by the Group's Sustainability Committee. This framework aims to provide direction and harmonisation for the development of ESG products and services. It establishes clear mechanisms for measurement, tracking, and reporting to support strategic decision-making. Furthermore, CGS International's Malaysia office launched ESG Margin Financing to promote investment in companies with strong ESG performance. Customers investing in constituents of the FTSE4Good Bursa Malaysia Index with high ESG ratings received preferential financing rates, with total loans extended reaching RM4.88 million. The Group's presence in Shariah-compliant markets across ASEAN also drove over S$6 million in revenue from faith-based products. Fostering Collaborative Impact "At CGS International, we believe that knowledge sharing and collaboration are essential to driving meaningful progress on critical sustainability issues. By working closely with our partners and stakeholders, we aim to create a stronger collective catalyst for sustainable finance across Southeast Asia, and mobilise the industry towards greater climate action across ASEAN," said Mr Kevin Lee, Group Head of Sustainability. One such initiative is the ASEAN Institute of Carbon Neutrality ("AICN"), launched in late 2023. AICN aspires to mobilise capital towards sustainable development in the ASEAN region to address issues such as climate change. This is done through education and engagement with the business community on sustainability issues through knowledge sharing and thought leadership. The AICN has collaborated with the Sustainable and Green Finance Institute ("SGFIN") from the National University of Singapore since 2024, which resulted in two white papers published on the topics, Just Energy Transition Partnership in Indonesia and Renewable Energy Imports for Singapore. AICN also hosted two webinars on related topics in 2024, including one on nature-related risks for corporates. In the pipeline are three joint research reports with SGFIN in 2025. For more details about CGS International's sustainability initiatives: - END - About CGS International Securities CGS International Securities Pte. Ltd. ("CGS International") is an award-winning and market leading integrated financial services provider, ranked among the top securities houses in Asia. CGS International taps on our wealth of global and ASEAN insights to offer equities trading, leveraged products, wealth management, investment banking, equities research, Shariah-compliant financing, fixed income, currency and commodities, structured products and prime brokerage services in over 15 countries and regions. Along with its parent organisation China Galaxy Securities, a leading securities house in China, CGS International is trusted by close to 18 million customers globally. Find out more at View original content to download multimedia: SOURCE CGS International Securities Pte. Ltd. Sign in to access your portfolio
Business Wire
13 hours ago
- Business Wire
KBRA Assigns Preliminary Ratings to Lyra Music Assets (Delaware) L.P., Series 2025-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2025-1, Class A-2 Notes (Series 2025-1 Notes) that will be issued by Lyra Music Assets (Delaware) L.P., a music royalty ABS securitization. The Series 2025-1 Notes represent Lyra Music Assets (Delaware) L.P.'s second music royalty securitization, following the inaugural Series 2024-2/3 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions, including rating agency confirmation. Proceeds from the transaction will be used to fund the reserve accounts, pay certain transaction expenses, and for other general corporate purposes. The transaction will be collateralized by royalties from a music catalog of premium content from top artists and songwriters, including the Red Hot Chili Peppers, Journey, Justin Bieber, and Shakira, which are among the largest in the Catalog by net publisher share and net label share. Royalty payments include both publishing rights and sound recording rights. As of March 31, 2025, an independent third-party valuation firm valued the Catalog at $2.95 billion using a discounted cash flow method. To access ratings and relevant documents, click here. Click here to view the report. Related Publication Lyra Music Assets (Delaware) L.P. New Issue Report Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1010476
Forbes
15 hours ago
- Forbes
Leaders May Step Up Pressure On Russian Gas Sales To End Ukrainian War
Russia's resumed activity at Arctic LNG 2 represents an effort to reach Asian markets and fuel the ... More Kremlin's ongoing war effort. (Photo by Konstantin ZAVRAZHIN / SPUTNIK / AFP) (Photo by KONSTANTIN ZAVRAZHIN/SPUTNIK/AFP via Getty Images) SPUTNIK/AFP via Getty Images Telling the BBC that he is 'disappointed but not done with Vladimir Putin,' President Donald Trump has threatened 100% tariffs against Russia, including secondary tariffs against countries that help dodge sanctions on the Kremlin's energy exports., The U.S. Senate is considering a bill to give the president the ability to impose additional 'sledgehammer' measures with up to 500 percent secondary sanctions. Under pressure, Moscow is expanding its hydrocarbon exports by boosting LNG shipments to the Asian markets from Siberia's Yamal Peninsula. On June 26th, the Russian tanker Iris docked at Arctic LNG 2 terminal, a joint venture between Russia's Novatek, Chinese CNPC and CNOOC, and Mitsui and JOGMEC, marking the first departure from the sanctioned facility since October 2024. The Iris is part of Moscow's shadow fleet, which exports Russian energy abroad, dodging Western sanctions through a convoluted web of false registries, deactivated transponders, covert offloading, waived insurance, shell games, and confusing ownership schemes. Arctic LNG 2 raised outputs to record levels, averaging 14 million cubic meters/day in the last days of June, compared to 8.9 million cubic meters/day for most of the month. That's enough in a single day to power approximately 13,461 American households for a year. It appears that Russia plans to exploit the Northern Sea Route to dodge sanctions. Running through the Arctic Ocean and around the northern shores of Eurasia, it is only navigable from late June/July to October/November and provides Moscow with direct access to Asia. As ice in the Arctic Ocean melts, Russia is focused on tripling LNG exports by 2030. It is up to the U.S. and the EU to tighten sanctions to help force the issue of peace negotiations with Ukraine. The Northern Sea Route allows for Russia to export LNG to Asia, utilizing an alternative to European ... More customers to bolster its war effort. Nikkei Asia From August to October of 2024, eight shipments left Arctic 2 LNG and were moved to floating storage units as sales fell. According to traders, personnel affiliated with the facility have called on potential buyers in India and China, attempting to sell this fuel. On the day the Iris docked, the JKM benchmark price for spot LNG deliveries to Northeast Asia was at $12.86/MMBtu, high for the season. Incentivized by discounts, Asian buyers have been induced to purchase Russian gas product in the past, as Western sanctions have primarily targeted firms specifically associated with shipping. This year to date, Japan and China are Russia's second and third biggest customers globally, importing 3.1 million mt and 3 million mt of gas, respectively. JKM Prices are at a higher level this year than in 2024, likely due to tensions in the Middle East. The biggest buyer for LNG is the EU, which has a proposed plan to phase out Russian gas and oil imports by the end of 2027. EU purchases, of course, are not supplied by the shadow fleet. While Moscow's known fossil fuel export revenue has trended down compared with 2022, in addition to Japan and China, it has several other Asian customers, including South Korea, India, Taiwan, and Singapore. In April, China halted U.S. LNG purchases due to tariffs. According to China's Ambassador to Russia, Zhang Hanhui, Chinese buyers are looking to increase their Russian imports. Putin is pushing for Power of Siberia 2 pipeline agreements amidst these changes, as China's imports of piped Russian gas have increased since the hold on American gas. Mitsui OSK Lines, a Japanese shipping company, has disregarded sanctions and continued business as usual. In May, the EU sanctioned three of its vessels. Do Conflicts in the Middle East Make Russian LNG More Attractive? Following the 12-day war between Iran and Israel, Asian buyers may increase imports of Russian LNG to derisk portfolios, decreasing reliance on Middle Eastern exports. The recent conflict caused Brent Crude oil and JKM LNG prices to jump 18% and 14% respectively for a short time. Iran's threat to close the Strait of Hormuz spooked investors and buyers. Any closure would disrupt shipping through the Persian Gulf. Notably, Qatar exports roughly 77 million mt of LNG per year, 20% of global supply. A closure of the Strait would disproportionally affect Asian buyers, as over 80% of crude oil and LNG transported through the Strait is consumed in China, India, Japan, and South Korea. Following President Trump's announcement of a ceasefire between Israel and Iran, European benchmark TTF gas prices fell by 14% and began stabilizing in the pre-conflict price range. In late June, analysts warned that oil prices would remain volatile for the coming weeks and OPEC+ would likely be cautious about increasing production. As fears over regional stability linger, Russian LNG imports may be a tariff-free option to avoid critical chokepoints like the Strait of Hormuz and the Suez Canal. However, buyers must consider the moral hazard and the potential of escalating sanctions. Can Russia Overcome Setbacks this Summer? While Arctic LNG 2 activity suggests Russia is preparing to increase LNG sales, Moscow will have to overcome challenges to further penetrating the Asian markets. The facility's first train has remained shut with full storage tanks, while the second train produced its first LNG in May 2025. Shipments that left in late 2024 are in floating storage, as Russia has struggled to find buyers. Sanctions remain a constant problem, although Moscow has found ways to circumvent them with varying degrees of success. In March 2025, the EU's ban on transshipment of Russian LNG in its ports became effective, severely limiting options. Overland routes are no panacea. China has the most developed gas infrastructure linked directly to Russia, buts its increasing clout with Gazprom presents the Kremlin with strategic headaches; and Beijing is unwilling to facilitate transit of piped gas to other customers in Southeast Asia. Other possible vectors south through Central Asia to India are either underdeveloped, incomplete, involve transshipment through Afghanistan or ports in Iran, which would merely increase risk. The seasonal opening of the Northern Sea Route and tension in the Middle East create an opportunity for Russian LNG to refill the Kremlin's war chest. This makes it imperative for the United States and Europe to expand sanctions on Russian energy with a focus on transit, shipping, insurance, and middlemen in Asia.
