The oversized syndicate will help manage distribution, anchor allocations and investor outreach for one of India’s biggest listings while ensuring major dealmakers remain inside the transaction. Source link
Vivriti Group, led by Vineet Sukumar, announced on Tuesday the creation of a new operating and holding company to house its lending and private credit business under a unified platform, to extend beyond its core offerings with the founder infusing ₹200 crore in fresh capital. Vivriti Group, led by Vineet Sukumar, announced a new unified … Read more
SpaceX, the space transportation and satellite making company run by Elon Musk, is preparing to sell its insider shares in a transaction that would value it at higher than $500 billion, Bloomberg reported quoting people familiar with the development. This means that SpaceX is on its way to break OpenAI’s record, which had sold its … Read more
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle, according to four people familiar with the matter. “The PE firms are bidding for about 30% stake ( ₹1,200 crore) … Read more
Peyush Bansal created a market disruption 15 years ago when he launched Lenskart with partners he met on LinkedIn, growing his eyewear business into a multi-billion dollar startup over the years. Now, he is in line to enter the billionaire club with the upcoming Lenskart IPO (initial public offering). Lenskart is planning to debut on … Read more
Amid intense speculation over Tata Sons‘ perceived non-compliance with the RBI‘s mandate to list, Governor Sanjay Malhotra on Wednesday said an entity can continue to do business till its registration is not cancelled. The central bank had asked a set of entities, including Tata Sons, the holding company of the salt-to-software conglomerate, to list by … Read more
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its … Read more
Zerodha co-founder and CEO Nithin Kamath has explained why the brokerage firm is not chasing an initial public offering (IPO), even as many Indian startups and financial services companies line up for listings. Responding to a question on Reddit about what makes Zerodha profitable and why the company has avoided going public, Kamath shared that … Read more
Markets regulator Sebi is proposing to overhaul the SME (small & medium enterprises) IPO process through some drastic changes that aim to make the segment safer for investors, increase compliance requirement on companies and also increase the cost these entities to remain listed. Among several proposals in a consultation paper, select ones deal with increasing … Read more