Torrent Group has made a bold move in the Indian sports within the country by buying a 67% stake of the Gujarat Titans, which is an IPL team that is swiftly making a name for itself in the league. This is more than a mere buyout as it is a strategic acquisition for Torrent Group which focuses on healthcare, energy
Major IPOs to Watch Out for Next Week The Indian primary market is gearing up for a busy week ahead with some major initial public offerings (IPOs) lined up, including the mega issue of Hyundai Motor India. Here’s a look at the key IPOs to watch out for next week. Hyundai Motor India IPO The much-anticipated IPO of Hyundai Motor
Vikram Solar, one of India’s leading solar PV manufacturers, has filed draft papers with SEBI for its initial public offering (IPO). Here are the key details about the company and the upcoming IPO: Company Profile Founded in 1995, Vikram Solar is a Kolkata-based solar solutions provider Has manufacturing facilities in Falta SEZ, West Bengal and Oragadam, Tamil Nadu Current annual
Food delivery major Swiggy has filed an updated draft red herring prospectus (DRHP) with SEBI for its highly anticipated IPO. Here’s an overview of Swiggy’s IPO plans: IPO Issue Size and Details The IPO comprises a fresh issue of Rs 3,750 crore Also includes an offer for sale of 18.53 crore shares OFS estimated around Rs 6,500 crore at recent
Manba Finance IPO Attracts Robust Investor Response The initial public offering (IPO) of Manba Finance Ltd. has received an overwhelming response from investors on the final day of the bidding process. As of 3.45 pm on Wednesday, August 29, the IPO was subscribed 210.46 times, with investors placing bids for 185 crore equity shares against the 87.99 lakh shares on
IREDA Shares Gain on DIPAM Approval for Fund Raise Shares of Indian Renewable Energy Development Agency (IREDA) have risen over 3% on Thursday after the Department of Investment and Public Asset Management (DIPAM) approved the alternative mechanism for the company’s proposed ₹4,500 crore fund raise. DIPAM Allows Up to 7% Government Stake Dilution Based on the recommendation of the high-level
Infosys Board to Consider Q2FY25 Results and Interim Dividend The board of Infosys Ltd., India’s second-largest IT company, is set to meet on October 17 to consider its September quarter (Q2FY25) results. Along with the quarterly numbers, the board will also propose an interim dividend for shareholders. Infosys’ Impressive Shareholder Returns Since 2000 Since its listing over two decades ago,
Budget 2024: Strategic Capital Allocations to Revitalize Key Sectors The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman lays out a blueprint for India’s economic progress through strategic capital allocations across key sectors. While markets may have reacted adversely to some tax proposals, a long-term outlook focused on fundamentals remains imperative. Revitalizing Infrastructure to Unlock Growth Potential Recognizing infrastructure
Budget 2024 Highlights: Focus on Jobs, Agriculture and Infrastructure Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on July 23rd, outlining the government’s vision to promote economic growth and job creation. Here are some of the key highlights: Boosting Employment and Skills Launch of National Apprenticeship Promotion Scheme to provide stipends to 50 lakh youth for apprenticeship programs
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