The airline plans to utilise over Rs 2,015 crore from the IPO proceeds towards pre-payment or scheduled repayment of all or a portion of certain outstanding borrowings.
Long overshadowed by their Chinese peers, new crop of startups is coming of age just as Beijing’s clampdown puts damper on growth prospects in what was once the region’s hottest IPO market.
The new brewery in Madhya Pradesh will initially add 400,000 hectoliters a year. Bira is also preparing for its last round of private fund raising before it pins down its listing plans.
Founded in 2011, Delhivery handles over 1.5 million packages a day and would add to a strong lineup of Indian startups that are ready to tap the IPO market in the coming months.
Overseas funds have poured $7.2 billion into India’s equities this year. IPO market is on a tear, thanks to startups, & India looks set to attract investors scared off by China’s crackdown.
Performance of recent IPOs, such as Zomato, has fed enthusiasm. Money raised in 2021 surpassed totals of past 3 years. Now, Paytm, Flipkart & Byju's are considering IPOs too.
Nayar, a former investment banker, owns about half of the company with her husband and children. If the Nykaa IPO goes as planned, the value of their stake could exceed $2 bn.
In 'Harsh Realities: The Making of Marico' entrepreneur Harsh Mariwala and management expert Ram Charan zoom in on the journey of the company - from its establishment in 1987 - to becoming a leading international FMCG giant.
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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