Paytm, backed by SoftBank, Berkshire Hathaway and Jack Ma’s Ant Group, plans to raise as much as Rs 166 billion from its share sale, according to its draft prospectus.
On 1 October, Paras Defence and Space Technologies made an unprecedented debut on bourses as its stock price rose 171% to list at Rs 475 on BSE, over its issue price of Rs 175 per share.
The New Delhi-based company is also looking to sell its stake in NTPC-SAIL Power Co., a joint venture with SAIL for supplying electricity to the steelmaker’s mills and townships.
Oyo, backed by SoftBank Group & Airbnb, plans to raise Rs 7,000 cr through sale of new shares. The rest will be secondary shares or those sold by existing stockholders.
The firm, which was founded in India & moved to Silicon Valley, boosted revenue about 40% last year after pandemic forced businesses to go digital. Its sales continue to grow in 2021.
The proposed initial public offer plan of the hospitality firm follows the success of Zomato's IPO that ended with bumper oversubscription on 16 July, the biggest since March 2020.
Bumper pool of fees has become all the more significant for bankers in an especially harrowing year, that saw sickness and death come much closer to home due to Covid pandemic.
Byju’s is aiming to file its initial IPO documents as early as the second quarter of next year. The startup and its bankers are discussing a valuation of $40 billion to $50 billion.
The Prime Minister has never been shy about centralising authority. Surely, he should treat this problem the way that the leadership in Beijing treated China’s smog crisis over a decade ago?
Admiral Dinesh Tripathi at annual media interaction ahead of Navy Day celebrations announced that an operational demonstration is expected at Thiruvananthapuram, President Murmu to attend.
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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