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The IPO comprises a fresh issue of equity shares aggregating up to Rs 750 crore and an Offer for Sale (OFS) of over 2 crore equity shares by promoters and existing shareholders, according to the draft red herring prospectus. TVS Supply Chain Solutions, part of TVS Mobility Group, has received capital markets regulator Sebi’s go-ahead to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up Read More

The stock gained 3.81 per cent to hit its 52-week high of Rs 1,443.35 on the BSE. Shares of IndusInd Bank climbed nearly 4 per cent on Wednesday morning after the company reported a 30 per cent jump in its consolidated net profit in the April-June quarter. The stock gained 3.81 per cent to hit its 52-week high of Rs 1,443.35 on the BSE. At the NSE, it jumped 3.82 per cent to reach its Read More

“I thought it would take me four to six years of revenue to go public,” Founder and Chief Executive Officer Bhavish Aggarwal said in an interview while sipping iced Vietnamese coffee in New Delhi’s bustling Connaught Place. Ola Electric’s scooter business has also been affected by delivery delays due to chip shortages, and issues with quality and fire.Ola Electric Mobility Pvt. is in line for an initial public offering sooner than its founder previously imagined, Read More

July, August and September F&O contracts for Reliance Industries are set to expire on 19 July. Reliance Industries’ open futures and options contracts for the months of July, August and September will expire on 19 July as a result of the demerger of Jio Financial from billionaire Mukesh Ambani led-RIL. The demerger is set to occur on the record date of 20 July. “All existing contracts with expiry dates July 27, 2023, August 31, 2023 Read More

The Varanasi-headquartered small finance bank’s (SFB) IPO will open for public subscription during July 12-14. The bidding for anchor investors will open on July 11, the lender announced. Utkarsh Small Finance Bank on Monday said it has fixed a price band of Rs 23-25 a share for its Rs 500-crore initial public offering (IPO).The Varanasi-headquartered small finance bank’s (SFB) IPO will open for public subscription during July 12-14. The bidding for anchor investors will open Read More