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During verification, police said, they found that the four officials of Matrix firm, now released on Bail, were allegedly selling the equipment through a portal named X-Factor, which has a logo of Matrix Cellular Services and sells a range of COVID-19 products.
'Matrix Travel Companion App' is now available for free on Android and Apple iOS platform, Bollywood actress and Matrix Cellular Independent Director Gul Panag said.
With big brands like Cafe Coffee Day and IndiGo lining up their public offers, the IPO market is set for a four-year record performance this year as close to Rs 6,600 crore has already been raised and plans are afoot for garnering another Rs 20,000 crore.
The company provides country specific SIM card, offers voice, data and SMS services under the brand name 'Matrix' to travellers outbound from India. The firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker IIFL Holding Ltd on June 26 this year.
With this, the total number of companies approaching Securities and Exchange Board of India (Sebi) since the beginning of 2015 has reached 24.
Confident about a revival in the IPO market, regulator Sebi's chairman U K Sinha has said companies and their merchant bankers have become much more responsible with pricing and a strong pipeline is building up for the public offers.
Bharat Wire Ropes has filed draft papers with Sebi to float an initial public offer (IPO) -- taking the total number of companies approaching the capital markets regulator since the beginning of the year to 23.
Real estate developer Paranjape Schemes (Construction) Ltd has filed draft papers with capital markets regulator Sebi for an initial public offer to raise up to Rs 600 crore.
Merchant banking sources said the draft papers for all the three Initial Public Offers (IPOs) were being submitted to capital markets regulator Sebi on Tuesday.
At least 20 of these firms have already got the go-ahead from market regulator Sebi to launch their respective Initial Public Offers (IPOs), while draft IPO papers of five firms are currently "under process" but may be cleared soon.
Acting on a complaint issued by Matrix Cellular, the Delhi HC issued a contempt notice to the popular mobile service provider ...
