Latest Updates Around The World
India Inc.’s Earnings Cycle may be approaching an inflection point, with fourth-quarter results expected to point upwards after several quarters of downgrades, said GV Giri, President & Head of Research at IIFL Capital Services.Speaking to ET Now, Giri said the pace of earnings cuts has been steadily slowing over the past few quarters, paving the […]
Shares of FSN E-Commerce Ventures have staged a sharp comeback, rising 64% over the past year to emerge as the top performer in the internet space amid signs of an operational turnaround. However, Nykaa’s parent company’s valuations raise concerns about whether the current price offers a favorable risk-reward proposition and whether the stock has enough […]
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 […]
Clean Max Enviro Energy Solutions has raised Rs 921 crore from key investors ahead of its Rs 3,100-crore IPO, with global and domestic institutions including Temasek Holdings and SBI Life Insurance prominently featured in the anchor book.The company informed the stock exchanges that it has allotted 87,46,437 shares at Rs 1,053 per share to anchor […]
Mumbai: The recent sell-off in information technology (IT) stocks has reduced their influence on moves in the benchmark Nifty, ceding more power to banks, whose stake in the key index has strengthened to new highs. The free float weight of IT stocks in the benchmark Nifty had fallen to 8.7% on February 16 from 9.94 […]
Elevate Campuses, an institutional platform for student housing and education infrastructure backed by Singapore-based Hillhouse Investments, has received approval from the Securities and Exchange Board of India (SEBI) to go ahead with its initial public offering (IPO) worth ₹2,550 crore, according to regulatory filings.The proposed public offering will consist entirely of a new issuance of […]
Alphabet-backed Aye Finance has raised Rs 454 crore from major investors ahead of its IPO, which opens for public subscription on February 9, lending strong institutional backing to the NBFC, focused on micro-SME lending.The company informed the stock exchanges that it had allotted shares to investors at Rs 129 per share, the top end of […]
Clean Max Enviro Energy Solutions Ltd., a renewable energy company backed by Brookfield Corp., is preparing to launch its initial public offering in February with a smaller deal size, according to people familiar with the matter.The Mumbai-based company is now planning an initial public offering of about $350 million to $400 million, down from a […]
Software-as-a-service (SaaS) company Amagi Media Labs has set the price range for its initial public offering (IPO) at Rs 343-361 per share. The Rs 1,789 crore issue will open for public bidding on Tuesday, January 13 and close on Friday, January 16.The window for bids by anchor investors opens on Monday, January 12. About the […]
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), […]
