The proposed offering will aim to raise 40 billion rupees ($440 million), including as much as 30 billion rupees in newly issued shares and a secondary sale of 10 billion rupees by Blackstone, according to the IPO prospectus filed in December.Discussions are still ongoing and details such as the size and timing of the stock […]
The board of ICICI Bank has approved Sandeep Bakhshi as Managing Director & CEO for a further period of two years, effective October 4, 2026 to October 3, 2028. Bakhshi has been heading India’s second largest private sector bank since October 15, 2018. Before his appointment as MD & CEO, he was a Whole-time Director […]
Horizon Industrial Parks, backed by global private equity firm Blackstone, on Monday filed preliminary papers with market regulator Sebi to raise Rs 2,600 crore through an initial public offering (IPO).The issue consists entirely of a new offering of shares, without part of an offer for sale (OFS). As per the draft Red Herring Prospectus (DRHP), […]
Infosys, one of India’s leading IT giants, is set to focus more on dividends today as investors keep an eye on the company’s announced interim dividend of Rs 23 per share. The stock is trading at an interim dividend of 460%, and today is the last day to buy Infosys shares to qualify for the […]