The second wave, which has now gone past its peak in India, has left its mark on some sectors more than the others, the multiplex industry being one such sector. With lockdowns in several states as cases began to rise towards the second half of April, multiplexes much like other outlets had to be shut …
A Brief Overview Known as the country’s very own mobile manufacturer, Lava International has circulated a letter among its existing shareholders seeking their go-ahead in order to go public by way of an initial public offering (or IPO). This letter highlighted its desire to go public by offering equity shares. This transition to public ownership …
Overview of IndiGo’s Strategy IndiGo, one of Asia’s largest budget airlines, plans to sell shares to raise 30 billion rupees ($409 million) as India’s pandemic outbreak worsens, putting any domestic or foreign air travel recovery on pause. IndiGo, which is owned by InterGlobe Aviation Ltd., has approved a plan to raise funds by selling shares …
An Overview of Government’s Strategy The Central government is working to give Central Public Sector Enterprises (CPSEs) more autonomy, allowing them to be professionally managed and giving them more say in business decisions to help them compete on an equal footing with private-sector rivals. Since January, the cabinet secretariat has been discussing the issue with …
Overview RIL’s fourth-quarter net profit rose 108.36% year-on-year to Rs 13,277 crores. In the previous quarter, the oil-to-telecom conglomerate posted a consolidated net profit of Rs 6,348 crores. Reliance Industries Ltd had a net profit of Rs 13,101 crores in the previous quarter (October-December 2020). RIL’s income generated from operations in the fourth quarter was …
How are Indian companies planning to battle the adversities arising from COVID-19 condition? Most of them are trying to raise funds from the market to build a cushion. Walking on the same path, India’s largest private-sector mortgage lender, HDFC Ltd. launched a massive Rs 14,000 crore QIP proposal to fortify its balance sheet and meet …
One of the market leaders in the precious engineering segment of India, Harsha Engineers International, has decided to refile its draft papers with the capital market regulator to initiate an IPO of Rs. 755 crores. Currently, the promoters of Harsha Engineers International hold 99.7% equity of the company. This public issue will include an offer …
Vedant Fashions Ltd., the owner of Manyavar, conducted its anchor round on Thursday, 3 February 2022. This celebration and wedding wear brand raised around Rs. 945 crores from the anchor investors in this round ahead of its initial public offering. Vedant Fashions IPO is set to go live for subscription on Friday, 4 February 2022. …
February 28, 2022, has been marked as a cutoff date by the Life Insurance Corporation of India (LIC) for its policyholders to update their details in the policy records. Only the policyholders who update the details within the stipulated period will be eligible to participate in its upcoming public issue. The insurance firm on February …
The insurance industry is particularly difficult to value. Because there are just six publicly-traded insurance firms in India, understanding of the terminology and conditions is still developing. Retail investors who have their eyes and hearts set on the Life Insurance Corporation of India’s mammoth initial public issue, which is expected to reach the markets in …
