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Mukesh Ambani created the most wealth for shareholders in last 5 years with his Reliance Industries Ltd topping the largest wealth creator list for the third consecutive year. Oil-to-telecom behemoth RIL created a whopping Rs 9.7 lakh crores in the last five years through 2016-21, by far the highest ever, said Motilal Oswal in its 26th Annual Wealth Creation Study 2021. Earlier, the company had added Rs 5.6 lakh crores in five years through 2014-19. Read More

Star Health and Allied Insurance Company shares listed on the stock exchanges today at a discount to IPO price. The stocks began trading at Rs 848 per share, down 5.69% or Rs 51.2 per share from the issue price of Rs 900 per equity share. Minutes into the initial day of trade, the stock trimmed losses and was seen moving higher, inching closer to the issue price. The weak listing was on expected lines after Read More

JK Files & Engineering Ltd, a company that is in the business of auto parts, has filed preliminary documents with markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The public issue is entirely an offer of sale (OFS) of equity shares to the tune of Rs 800 crore by promoter Raymond Ltd, according to the draft red herring prospectus filed on Wednesday. At present, Raymond, the country’s leading player Read More

India’s largest private health insurer Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees earlier after a subdued response to the IPO last week, its prospectus showed. Star Health’s IPO failed to get fully subscribed last week, signalling weak investor demand for India’s third-biggest listing this year. Last week, a source had told Reuters that the company will cut the offer for Read More

Digital mapping company MapMyIndia, which powers Apple maps, has fixed a price band of Rs 1,000-1,033 a share for its Rs 1,040-crore initial share-sale, which will open on December 9. The three-day initial public offering (IPO) will conclude on December 13. The bidding for anchor investors will open on December 8, the company announced. The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders and promoter. The OFS Read More