Investors placed bids for 221 crore shares against the 27.79 crore shares on offer as Meesho joins a long list of series of tech IPOs capitalising on a thriving primary market.
The e-commerce platform came under fire for selling t-shirts with Bishnoi’s photos as several social media users slammed it for ‘promoting gang culture’.
The funding round was led by South Africa’s Naspers Ltd. and also included Sequoia, Shunwei Capital, Venture Highway and Arun Sarin, the former CEO of Vodafone.
This decision is so damaging to the government that efforts will be made to ensure that it does not stand. The prosecution has said that it will file an appeal in the high court.
Bitcoin dropped as much as 3.8% to $63,038, while Ether, the second-largest token, slid 4.5% to $1,835. Roughly $128 billion in market value was erased across digital assets.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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