Thursday, April 25, 2024
Outlook India
Outlook Business


With this, Swiggy joins the list of start-ups, who despite adverse macroeconomic situations, have initiated ESOP liquidity programmes

In addition to this, the Vijay Shekhar Sharma-led firm witnessed 169 per cent growth in loan disbursal rate to Rs 9,618 crore in this period

Prior to this, Neuberger Berman, a New York-based investment management firm slashed PharmEasy’s valuation by 21 per cent to 4.4 billion as of February 28

The company is also planning to increase its stake in Nextwave Multimedia from 52.38 per cent to 71.88 per cent

The company's Founder & Group CEO Ritesh Agarwal shared the update with OYO employees addressing a town hall virtually on Thursday, sources told PTI.

Foreign institutional shareholding has seen a jump from 6.7 per cent to 11.5 per cent with FPIs increasing their stake in the company substantially

The multi-brand restaurant chain's standalone net profit in the first half of (April-September) FY'23 stood at Rs 27.67 crore from a turnover of Rs 195 crore, recovering from Covid pandemic headwinds

The filing offers OYO greater flexibility on the size of the issue during the initial stages of the process and allows the company to change the primary issue size by up to 50 per cent until the updated DRHP stage

Based on Sansera's projected FY24 EBITDA this investment would result in an approximately 21 per cent stake in MMRFIC

The company reported an adjusted EBITDA of Rs 63 crore in the first half of FY2023 in its filing with Securities and Exchange Board of India (Sebi) in an update to its Draft Red Herring Prospectus (DRHP)