The International Gemmological Institute (India), supported by Blackstone, is preparing for its initial public offering (IPO) on December 13. The company aims to raise ₹4,225 crore, combining a fresh issue of ₹1,475 crore and an offer-for-sale (OFS) worth ₹2,750 crore by its promoter, BCP Asia II TopCo Pte. The price band for the IPO will […]
Blackstone-Backed IGI to Launch ₹4,225 Crore IPO on December 13 Read More »
Paytm’s wholly-owned subsidiary, One97 Communications Singapore Pvt Ltd (Paytm Singapore), announced the sale of its Stock Acquisition Rights (SARs) in Japan’s PayPay Corporation to SoftBank Vision Fund 2. The deal, valued at ¥41.9 billion (approximately ₹2,364 crore), is expected to conclude by December 2024, pending corporate approvals and other customary conditions. Deal Highlights Paytm’s Continued
Paytm Singapore to Sell Stock Acquisition Rights in PayPay for ₹2,364 Crore Read More »
Hyderabad-based Suven Pharmaceuticals has entered into definitive agreements to acquire a 56% equity stake in NJ Bio, Inc., a Contract Research, Development, and Manufacturing Organization (CRDMO) headquartered in Princeton, New Jersey. The $64.4 million transaction comprises a mix of primary equity infusion and secondary share acquisition. Key Details of the Acquisition NJ Bio is a
Suven Pharma Acquires Majority Stake in US-Based NJ Bio for $64.4 Million Read More »
Bajaj Healthcare’s manufacturing facility in Savli, Vadodara, Gujarat, has received approval from Australia’s Therapeutic Goods Administration (TGA). This achievement enhances its global credentials and allows direct supply of active pharmaceutical ingredients (APIs) to Australian and New Zealand markets. Already approved by the USFDA and the European Union, this latest certification is valid for 24 months.
Bajaj Healthcare Secures Australian TGA Approval for Gujarat API Site Read More »
Krishnamurthy V Subramanian, India’s top economist and Executive Director at the International Monetary Fund (IMF), highlighted the growing global confidence in India’s economic future. In an interview, he praised India’s public digital infrastructure and its focus on inclusive growth. Subramanian noted India’s steady post-COVID growth rate of 7%, despite recent slowdowns due to reduced capital
IMF’s Krishnamurthy Subramanian Says: ‘The world is bullish on India’ Read More »
On December 6, The Royal Bank of Scotland Plc, acting as Trustee for Jupiter India Fund, sold a 0.5% stake in Himatsingka Seide at an average price of Rs 195.22 per share. This transaction, valued at Rs 13.48 crore, reduced the fund’s stake, which stood at 5.01% as of October 2024. Despite the sale, shares
Shares of RITES Limited rose nearly 5% in early trade on December 6 after the company announced that it has secured a Rs 148.25 crore project from the Indian Institute of Management (IIM) Raipur. The project involves RITES acting as the Project Management Consultant for the Phase II development of the institute’s campus in Chhattisgarh.
RITES Shares Gain 5% on Winning Rs 148.25 Crore IIM Raipur Contract Read More »
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on December 6 that the repo rate would remain unchanged at 6.5%, marking the 11th consecutive decision to maintain the rate. Key Highlights Economic Context This was pretty much expected from the latest Moneycontrol survey of 17 economists, bankers, and fund managers. Unchanged rates
RBI Keeps Repo Rate Steady at 6.5% for the 11th Consecutive Time Read More »
Digital payments platform One Mobikwik Systems Ltd has set the price band for its upcoming IPO at Rs 265-279 per share, with the public subscription scheduled from December 11 to 13. Anchor investors can bid starting December 10. The IPO size has been trimmed for the third time, now targeting Rs 572 crore, compared to
Mobikwik IPO Price Band Announced at Rs 265-279; Size Reduced to Rs 572 Crore Read More »
Vishal Mega Mart Ltd has announced the price band for its ₹8,000 crore initial public offering (IPO) at ₹74-78 per share. The IPO will open for subscription from December 11 to December 13, with anchor bidding starting on December 10. IPO Timeline and Allotment Details The entire IPO is an offer for sale by the
Vishal Mega Mart IPO Price Band Set at ₹74-78 per Share; Key Details You Need to Know Read More »
