Wednesday, April 24, 2024
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Initial Public Offering

The fund will invest in profitable SME (small and medium enterprises) with high-potential opportunities in unorganised sectors

The fund would seek to generate long-term capital appreciation by investing in a diversified portfolio of up to 30 businesses

The IPO includes a fresh issue of shares worth INR 12.5 billion ($152.1 million) and an offer for sale of 109.4 million shares

Honasa Consumer Ltd, the parent company of Mamaearth, filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) in December 2022

The IPO will comprise a fresh issue of 18,50,000 shares and an offer for sale (OFS) of 6,49,600 shares by the company's promoters

Swiggy is selling its kitchen infrastructure business to cloud kitchen company Kitchens@ in a share swap deal worth $10 million

The appointments come as part of BharatPe's ongoing efforts to strengthen standards of security and compliance for its customers and partners.

Increase in shareholding by domestic investors shows more Indian believe in Paytm’s ability to deliver profitability without compromising on growth

The category meant for qualified institutional buyers (QIBs) was fully subscribed, while the portion for retail individual investors (RIIs) received 74 per cent subscription

The company will utilise the funds in customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes