Latest news with #AnkitaSingh
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Business Standard
6 days ago
- Business
- Business Standard
Sebi relaxes stance on the IPOs of companies with high public float
The Securities and Exchange Board of India (Sebi) has softened its position on approving initial public offerings (IPOs) by companies with a large number of public shareholders, resolving a grey area that had stalled several high-profile listings. As a result, five such companies – including HDB Financial Services and Hero FinCorp -- which had filed their draft red herring prospectus last year, have recently received regulatory nod for their IPOs. The delay in Sebi's approval, according to people in the know, stemmed from ambiguity over whether a large number of public shareholders, without any prior public fundraising, violated provisions of the Companies Act. The capital markets regulator has now clarified that a high public shareholder count, by itself, doesn't breach regulations if the company hasn't raised capital through a public offer, the sources said. 'The matter is now settled,' said one of the people. 'If the company hasn't raised public funds through these share issuances, it's not an issue. Many of these cases involve ESOP (employee stock ownership plan) conversions or unlisted market trades.' At the time of their DRHP filing, HDB Financial had more than 41,500 public shareholders, Hero FinCorp had around 7,500, and Vikram Solar about 7,000. All three have received Sebi approval in the past two weeks. Waaree Energies, which has since listed, had about 2,600 public shareholders when it filed IPO papers. Separately, the National Stock Exchange -- also eyeing an IPO -- has seen its shareholder base swell to more than 100,000 due to heightened investor interest. Sebi did not respond to emailed queries until the time of press. The regulator, according to legal experts, now acknowledges that secondary transfers of ESOP-converted shares, where the company is not involved directly and no capital is raised, do not necessarily violate norms. However, the distinction remains fact-dependent. 'The Companies Act permits ESOP grants and their eventual conversion to equity, even if that results in a large number of shareholders, as it doesn't fall under the purview of private placement norms,' said Ankita Singh, managing partner at Sarvaank Associates. 'Where the legal line starts to blur is when these shares, ostensibly meant as employee incentives, become a tool for indirect public participation in a pre-IPO company.' 'Unless the company is found to be raising funds through these transfers, the law doesn't view it as a breach, but it certainly raises regulatory and governance questions around intent and transparency,' Singh added. Apurva Kanvinde, partner at Juris Corp, said Sebi may continue to assess potential securities law violations on a case-by-case basis and may also consult the Ministry of Corporate Affairs (MCA). 'Under the Companies Act, 2013, an offer made to more than 200 persons in a financial year is treated as a public issue,' Kanvinde said. 'Securities issued under ESOP schemes are exempt from this threshold. The earlier Companies Act, 1956, had similar exemptions for internal corporate concerns and for NBFCs issuing shares or debentures.' 'In negotiated private sales, the company neither participates nor receives consideration,' said Saumya Ramakrishnan, partner at Bombay Law Chambers. 'Yet even genuine trades have drawn Sebi scrutiny at the DRHP stage due to technicalities.'
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Business Standard
7 days ago
- Business
- Business Standard
Sebi clears IPO hurdle for firms with large base of public shareholders
The Securities and Exchange Board of India (Sebi) has softened its position on approving initial public offerings (IPOs) by companies with a large number of public shareholders, resolving a grey area that had stalled several high-profile listings. As a result, five such companies – including HDB Financial Services and Hero FinCorp -- which had filed their draft red herring prospectus last year, have recently received regulatory nod for their IPOs. The delay in Sebi's approval, according to people in the know, stemmed from ambiguity over whether a large number of public shareholders, without any prior public fundraising, violated provisions of the Companies Act. The capital markets regulator has now clarified that a high public shareholder count, by itself, doesn't breach regulations if the company hasn't raised capital through a public offer, the sources said. 'The matter is now settled,' said one of the people. 'If the company hasn't raised public funds through these share issuances, it's not an issue. Many of these cases involve ESOP (employee stock ownership plan) conversions or unlisted market trades.' At the time of their DRHP filing, HDB Financial had more than 41,500 public shareholders, Hero FinCorp had around 7,500, and Vikram Solar about 7,000. All three have received Sebi approval in the past two weeks. Waaree Energies, which has since listed, had about 2,600 public shareholders when it filed IPO papers. Separately, the National Stock Exchange -- also eyeing an IPO -- has seen its shareholder base swell to more than 100,000 due to heightened investor interest. Sebi did not respond to emailed queries until the time of press. The regulator, according to legal experts, now acknowledges that secondary transfers of ESOP-converted shares, where the company is not involved directly and no capital is raised, do not necessarily violate norms. However, the distinction remains fact-dependent. 'The Companies Act permits ESOP grants and their eventual conversion to equity, even if that results in a large number of shareholders, as it doesn't fall under the purview of private placement norms,' said Ankita Singh, managing partner at Sarvaank Associates. 'Where the legal line starts to blur is when these shares, ostensibly meant as employee incentives, become a tool for indirect public participation in a pre-IPO company.' 'Unless the company is found to be raising funds through these transfers, the law doesn't view it as a breach, but it certainly raises regulatory and governance questions around intent and transparency,' Singh added. Apurva Kanvinde, partner at Juris Corp, said Sebi may continue to assess potential securities law violations on a case-by-case basis and may also consult the Ministry of Corporate Affairs (MCA). 'Under the Companies Act, 2013, an offer made to more than 200 persons in a financial year is treated as a public issue,' Kanvinde said. 'Securities issued under ESOP schemes are exempt from this threshold. The earlier Companies Act, 1956, had similar exemptions for internal corporate concerns and for NBFCs issuing shares or debentures.' 'In negotiated private sales, the company neither participates nor receives consideration,' said Saumya Ramakrishnan, partner at Bombay Law Chambers. 'Yet even genuine trades have drawn Sebi scrutiny at the DRHP stage due to technicalities.'
Hans India
20-05-2025
- Entertainment
- Hans India
Ankita Singh: Leading with Grace, Growing with Authenticity
In a digital world flooded with fleeting trends and performative posts, Ankita Singh stands out—not through spectacle, but through sincerity. With 1.6 million Instagram followers and growing, Ankita has cultivated a space defined by elegance, relatability, and above all, authenticity. 'I never felt the need to be someone I'm not,' Ankita shares. 'People can sense when you're being genuine. That's what builds trust—and community.' Her Instagram is a blend of stunning visuals and subtle storytelling. Whether she's draped in a shimmering golden gown or wrapped in a traditional saree, Ankita's feed radiates a calm self-assuredness that resonates deeply. There are no gimmicks or overly curated captions—just honest glimpses into her life. 'Fashion is a way I express how I feel in the moment,' she says. 'Sometimes it's bold, sometimes it's traditional, but it's always me.' But Ankita isn't one to stay static. Her recent foray into music videos, particularly the collaboration on Koi Sehri Babu 2.0 with rapper RCR, marked a new chapter. The project was a fresh challenge, but she approached it with the same grounded energy. 'Stepping into a music video felt like a leap,' Ankita admits. 'But I didn't want to reinvent myself. I wanted to bring my own style to it—to show growth without losing authenticity.' That mindset of balanced evolution also plays out in her fitness journey. Through her separate handle, @liftwith_ankita29, she's been candid about her routines, goals, and lessons learned in health and discipline. It's not a highlight reel—it's a realistic look at progress. 'Fitness isn't about perfection,' she notes. 'It's about consistency, just like everything else in life. I want to show people that it's okay to start where you are and keep going.' Much of Ankita's direction comes from the mentorship of Rohit Jaitpuria, who she credits with helping her stay focused and aligned with her core values. 'Rohit has taught me to keep evolving, but always with intention. That's been key.' What sets Ankita apart is her quiet refusal to chase noise. In an era where many run after virality, she's chosen a slower, more thoughtful path—one built on being true to herself. 'Trends fade. But if you're honest with your audience—and yourself—that connection lasts,' she reflects. In staying consistent, graceful, and unapologetically real, Ankita Singh reminds us that the most lasting impact comes from simply being yourself.
Time of India
12-05-2025
- Entertainment
- Time of India
Ankita Singh aims to make a meaningful impact in Bhojpuri cinema
Ankita Singh, known for 'Koi Sehri Babu 2.0,' aims to make a meaningful impact in Bhojpuri cinema. She's selective about roles, seeking projects that authentically reflect Bhojpuri culture. Inspired by Ravi Kishan's authentic acting, Ankita patiently awaits the right opportunity to contribute powerful storytelling to the industry. Ankita Singh , widely recognized for her role in RCR's music video 'Koi Sehri Babu 2.0,' is now setting her sights on a career in Bhojpuri cinema. With ambitious plans for the film industry, she hopes to begin her journey with projects that reflect her cultural roots. Selective About Roles At a recent event, Ankita revealed that she has turned down several offers for Bhojpuri songs and films, not out of hesitation but because she's patiently waiting for a role that truly fits her vision. She wants more than just a glamorous part; she's looking for a project that genuinely reflects the heart and soul of Bhojpuri culture. Desire for Meaningful Work During our conversation, she calmly expressed her desire for her work to have significance, saying, 'I want it to mean something.' Having been raised surrounded by the language and culture, she emphasized that if she enters Bhojpuri cinema, her intention is to honor it sincerely, not merely appear on screen without purpose. Inspiration from Ravi Kishan Singh reveals she was deeply touched by Ravi Kishan's performance in 'Laapataa Ladies'. It wasn't his celebrity status that caught her attention, but the depth and authenticity he brought to his role. This is the level of storytelling she dreams of contributing to. While she looks forward to working with him one day, she insists it must be on a project with a script that genuinely speaks to her. Passion and Patience for the Perfect Opportunity Though she hasn't stepped into the Bhojpuri film industry yet, Ankita is clearly passionate about it. She sees great potential for powerful narratives in this space and is prepared to take the dip when the perfect moment arrives.
Associated Press
26-03-2025
- Business
- Associated Press
SuccessKPI Achieves Data Privacy Certifications, Recognition for Highest Security, Privacy Standards Worldwide
FAIRFAX COUNTY, Va., March 26, 2025 /PRNewswire/ -- SuccessKPI, Inc., a cloud-native, workforce engagement management (WEM) provider, has achieved recognition for several recent achievements in security and data privacy from consumer protection authorities from the U.S. and Europe. SuccessKPI is officially recognized as an active participant in the EU-U.S. Data Privacy Framework (DPF), the UK Extension to the EU-U.S. DPF and the Swiss-U.S. DPF for the completion of standards ISO 27001, GDPR, CCPA and LGPD, in addition to previously achieved SOC 2 Type II, HIPAA and PCI DSS Level 1. The achievement enables customers to satisfy industry regulations while securely and confidently collecting, analyzing, understanding and acting on customer insights from around the world. These milestones underscore SuccessKPI's proven commitment to data privacy, regulatory compliance and ensuring the highest standards of data protection for its customers and partners worldwide. Enterprises strive to improve customer experience by unifying data and relying on AI-powered automations. Privacy and compliance remain foundational requirements as businesses operate in an increasingly complex global regulatory environment. IT research firm Frost & Sullivan cited SuccessKPI's security and privacy certifications including PCI, SOC 2, HIPAA, ISO 27001, GDPR, CCPA, LGPD and FedRAMP among its qualifications for inclusion as a leader in the Frost & Sullivan Workforce Engagement Management (WEM) Radar 2024 and Workforce Optimization (WFO) Radar 2023. 'SuccessKPI's seamless AI-integration, intuitive usability, affordability, data-first approach, GenAI security policies, and investment in customer education make it a vendor to watch out for in 2025 and beyond,' wrote Ankita Singh, Senior Industry Analyst, Frost & Sullivan in a recent research analysis. SuccessKPI engages in protected data collection in the following ways: Delivering applications to customer end users Providing training and support Facilitating communication and user experience Processing payments Advertising and market research Analyzing service usage Preventing fraud and validating identity Ensuring compliance with legal and regulatory requirements Enabling seamless access to third-party services SuccessKPI maintains a comprehensive privacy policy that ensures compliance with Federal Trade Commission (FTC) requirements, arbitration obligations, onward transfer liability and robust compliance measures. The updated policy, effective February 27, 2025, outlines SuccessKPI's commitment to handling personal data responsibly and in accordance with international best practices. 'Security and data privacy are core to everything we do at SuccessKPI,' said CTO Piyush Patel. 'We are committed to providing secure, compliant and AI-powered solutions that empower customers to act on insights confidently. As regulations evolve, we remain dedicated to maintaining the highest standards to protect customer data worldwide.' More information about SuccessKPI's participation in the Data Privacy Frameworks (DPF) can be found here. More information on SuccessKPI security compliance can be found here. About SuccessKPI: SuccessKPI is a cloud-native, workforce engagement management (WEM) platform. SuccessKPI is revolutionizing contact centers to utilize artificial intelligence and data automation to improve business outcomes and transform customer experiences. SuccessKPI's insight and action platform removes the obstacles that agents, managers, and executives encounter in delivering exceptional customer service. SuccessKPI is trusted by some of the world's largest government, BPO, financial, healthcare and technology contact centers in the United States, Europe and Latin America. With over 180 integrations and recognition as a leader in Frost & Sullivan's 2024 WEM Frost Radar™ and CRM Magazine's 2024 Industry Leader Awards, SuccessKPI continues to set the standard for AI-driven contact center solutions.
