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Ola Electric Mobility to launch IPO on August 2 to raise Rs 5,500 crore
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares. 3 min read Last Updated : Jul 28 2024 | 1:54 PM IST Electric two-wheeler company Ola Electric Mobility will float its initial public … Read more
Bajaj Auto-powered electric mobility company Yulu eyes global ride
Bajaj Auto-backed Yulu, India’s largest shared electric mobility company, is eyeing international markets with its electric two-wheeler ecosystem around 2025-26. This expansion will be driven by a new product from Bajaj, alongside Yulu’s broader plans to grow its market presence and product offerings in India. The company aims to achieve profitability by 2024-25. Yulu is … Read more
Mankind Pharma acquires Bharat Serums
Mankind Pharma (MPL) is acquiring 100% of Bharat Serums (BSV) from the private equity major, Advent. BSV has a niche portfolio offering in Women’s Health, encompassing the entire lifecycle – from fertility to post-pregnancy. Deal is agreed at an Enterprise Valuation (EV) of Rs 13,630 cr translating to 28x of FY24 EBITDA. For comparison MPL’s … Read more
India China investments: Modi govt may ease curbs on some Chinese investments
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan border. The government … Read more
Affordable housing thrust a big boost for the home finance sector
The Indian real estate sector has been experiencing a significant boom in recent quarters, driven by factors such as rapid urbanisation, policy reforms, increase in disposable income and a continuous growth in consumer sentiments. Last year, the sector registered remarkable progress, consolidating its position among various other sectors. And indeed, the Finance Minister has given … Read more