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Post by Lovie on Oct 2, 2022 1:31:11 GMT -5
In a major twist to the Narsingh Yadav doping fiasco, the Wrestling Federation of India (WFI) has forwarded the name of Parveen Rana as his replacement, ignoring double Olympic medallist Sushil Kumar. Rana's name was forwarded on Monday to the United World Wrestling (UWW). Sources said that WFI president Brij Bhushan Sharan Singh had a teleconference with UWW chief Nenad Lalovic, who said that if India does not name a replacement by July 25 the quota will be re-allocated to some other country. Parveen Rana, who is also a Chhattrasal Stadium wrestler, may replace Narsingh Yadav at the Rio Olympics Once the quota is re-allocated, Narsingh will be unable to compete even if he were to get a clean chit from the National Anti Doping Agency. "The UWW got the confirmation of Narsingh's positive dope test on July 19 and they spoke to the president on Monday. They told us that since they have also received the confirmation of dope test after the late date of July 18 (for getting accreditation for the replacement athlete), they will give us time to send a name for replacement before they allocate the berth to come other country," a WFI source told Mail Today. RELATED ARTICLES Previous 1 Next 'I found white powder in the food and slapped the chef':... 'I am sure it's a conspiracy': Wrestling Federation of India... Share this article Share Rana, who lost to Narsingh in the trials for the World Championships last year, was named as a replacement. "Had we not sent a name, even Narsingh would not have been able to compete, if he gets a clearance. Moreover the quota for the country would have got wasted," the source said. Asked why Sushil Kumar's name was not forwarded, the official said that it would have dragged the WFI into another controversy. Sushil Kumar was overlooked yet again, with the WFI fearing it would attract more controversy by naming him "We thought it would have adverse impact. Narsingh could have pointed fingers towards WFI because the federation had backed him against Sushil in court. Now when there are allegations of a plot against Narsingh, WFI would have been in dock had we named Sushil." In a statement on its website, United World Wrestling (UWW) said that the Indian Olympic Association (IOA) has forwarded Rana's name as a replacement. "A report filed by the NADA last week states that 74kg freestyle wrestler Narsingh Yadav has failed an out-of-competition anti-doping test," it said. The UWW informed the IOA last week that since the positive test occurred outside of the qualification event, they would be allowed to replace Yadav with another wrestler, or else vacate the qualification spot. "The IOA informed United World Wrestling of their desire to enter Parveen Rana as their nation's replacement at 74kg in men's freestyle," UWW said on its website. burkecounty-ga.govpdfaiw.uspto.gov/.aiw?PageNum=0&docid=20150145300&IDKey=DF845AF29067&HomeUrl=https://asiaporntube.pro |
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Post by Dallas on Oct 2, 2022 21:54:06 GMT -5
India's Digit convinced regulator on compliance-sources
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Regulator accepted explanation on share allotment
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IPO review process set to restart Monday-sources
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Digit looking at $440 mln IPO valuing it at $4.5-5 bln
By M.
Sriram and Aditya Kalra
MUMBAI, Sept 30 (Reuters) - India's markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on Friday.
The Securities and Exchange Board of India (SEBI) put Canadian billionaire Prem Watsa-backed Digit Insurance IPO's in "abeyance" earlier this month, saying certain observations had been issued, but did not elaborate.
Reuters has previously reported that the regulator was concerned that privately-held Digit issued shares to more than 200 individuals in the past financial year, which is not allowed under Indian laws and regulations.
One of the sources said Digit gave an explanation to the regulator about the share issue, which the company said did not violate the regulations.
SEBI has agreed with Digit's reasoning and decided to remove the IPO's "abeyance" status from Monday and restart the review process, the two sources said, declining to be identified as the decision is not yet public.
A Digit spokesperson declined to comment while SEBI did not respond to a request for comment.
Digit Insurance, also backed by Indian investment firm TVS Capital Funds and Sequoia Capital among others, aims to raise about $440 million through an IPO for its non-life business.
Sources have said it is seeking a valuation of between $4.5billion and $5 billion.
Founded in 2017, Digit is trying to expand in general insurance. Separately, it is moving into the life insurance market with its Go Digit Life venture.
The prospectus filed by the company last month showed the IPO will consist of new shares worth 12.5 billion Indian rupees ($158 million) while existing stakeholders will sell up to 109.4 million shares.
(Reporting by M. Sriram and Aditya Kalra. Editing by Jane Merriman)
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