If investors agree, LIC would join the league of India’s biggest companies — RIL and TCS — which have a market capitalisation of Rs 17 lakh crore and Rs 14.3 lakh crore, respectively.
The LIC IPO, which could raise Rs 40,000 crore-Rs 1 lakh crore this quarter, is a key item in Modi govt's economic agenda, with proceeds essential to reach a budget-deficit target.
A little over 110 firms listed their shares in Mumbai this year, raising almost $18 billion. The fees raked in by banks are more than four times the previous record in 2017.
Equity markets rally this year has encouraged at least half-a-dozen tech start-ups to seek public listings but the valuations commanded by these firms is often criticised.
Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of Rs 1,875, which implies 43% upside from Tuesday’s close.
India and Korea present 'phenomenal growth' potential next year, say analysts. Additionally, they expect a number of the largest unicorns in Southeast Asia to list'.
Rakesh Verma, 71, and wife Rashmi, 65, who own nearly 54% of the company post-IPO, are the latest founders to strike gold during this year’s stock market boom.
No final decision has been reached regarding the valuation or timing of the potential IPO, and Allied Blenders could still decide against proceeding with the plan.
The stock dropped 5.6% to Rs 1,321 in Mumbai, extending this week’s losses to almost 16%. The stock is now down nearly 39% from its issue price of Rs 2,150.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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