The stock was at Rs 392.3 as of 10:07 a.m. IST, valuing the eyewear retailer at Rs 676.25 billion ($7.69 billion). Rival Titan commands a valuation of $37.7 billion.
ED claims to have busted racket of illegal diversion of public funds after the tech firm raised Rs 36.6 cr in IPO in 2022. Probe stems from FIRs against promoter Harshavardhan Sabale.
Analysts say the worry is that mutual funds — whose inflows are dominated by household money — may be paying steep valuations for startups yet to establish profitability.
Proceeds from the offering will be used to establish new company-owned, company-operated stores, invest in technology and cloud infrastructure, and fund general corporate purposes.
The firm, valued at $2.8 billion, plans to use issue proceeds to set up physical coaching centres, cover rent, boost technology and marketing, and fund acquisitions.
Part of a CIA-trained zero unit, Rahmanullah Lakanwal was evacuated to the US before the fall of Kabul in 2021. But his long journey failed to wash the blood from his mind.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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