Latest Updates Around The World
Billionaire investor Bill Ackman’s Pershing Square filed on Tuesday for an initial public offering of his hedge fund and a new fund in the US. He appears to be joining a small club of listed alternative asset managers.The move marks a major milestone for Ackman, the activist investor who has established himself as one of […]
State-owned India Infrastructure Finance Company has received necessary approvals to go ahead with its proposed initial public offering, with the Cabinet Committee on Economic Affairs approving the listing on the stock exchanges, the company’s top official said.The approval has already been handed over to the company by the Department of Investment and Public Asset Management […]
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 […]
India’s largest unlisted heavyweights, led by Reliance Retail and Flipkart, are driving a new ranking of high-potential companies seen as future public market candidates. JM Financial in partnership with Hurun India came up with an Unlisted Gems 2026 list, which features 100 large private companies with annual revenues of at least Rs 1,000 crore, and […]
The Rs 3,100-crore IPO of Clean Max Enviro Energy Solutions will open for subscription on Monday, with a gray market premium (GMP) of just 0.4%, indicating largely flat listing expectations at current levels. At the top end of the price band of Rs 1,053 per share, the 0.4% GMP translates into a notional premium of […]
Maharashtra State Electricity Distribution Company plans to complete the demerger of its agriculture arm by April, a major step ahead of its planned December initial public offering, a top official said.“We are targeting an IPO by December for MSEDCL (Maharashtra State Electricity Distribution Company), and for that we will spin off our agriculture business, which […]
Top investor Mukul Agrawal’s IPO portfolio for 2025-2026 reflects a classic high-risk, high-reward approach. It includes both SME and mainboard listings, held in its own name or through its investment vehicle, Sanshi Fund-I. While a number of SME bets have turned into multibaggers, several counters are trading sharply below their issue prices.A look at the […]
PhonePe, which has built its scale on the Unified Payments Interface (UPI) with over 657 million registered users, uses payments as a distribution layer rather than a primary source of revenue. | Photo credit: SAMYUKTA LAKSHMI Walmart-backed fintech giant PhonePe is sharpening its financial services operations ahead of its proposed stock market listing as loan […]
Elon Musk’s SpaceX could be preparing for what may prove to be the largest public offering the world has ever seen. According to a report from the Financial Times, the rocket and satellite company is considering an initial public offering in mid-June that could raise as much as $50 billion at a valuation of about […]
Nirmal Jain, Founder of IIFL Group and Managing Director of IIFL Finance The board of non-banking major IIFL Finance may evaluate options in the next three to six months, including a possible listing of its home finance subsidiary IIFL Home Finance, through a demerger or other appropriate structure, founder Nirmal Jain said. business line. The […]
