Adani Enterprises’ Rs 25,000 crore rights issue closed with strong demand, ending at 108% subscription. The public portion was even stronger at 130% subscribed. Priced at Rs 1,800 per share, the issue will help the company reduce debt and fund capex across airports, data centres, green hydrogen and other growth businesses.Read More
The U.S. Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent government shutdown and work through competing views about the risks facing the economy.Read More
SBI Mutual Fund, the biggest fund house, has initiated the process for the appointment of merchant bankers and other service providers to facilitate an initial public offering (IPO).Read More
Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to investors and will use this amount to fund the acquisition of a property in Bengaluru.Read More
Vikas Khemani warns that nearly 80% of upcoming IPOs are poor-quality businesses, saying only a handful are worth investor attention. With India’s IPO pipeline touching $20 billion annually, he cautions that supply is outpacing fundamentals, valuations are stretched, and investors must be far more selective amid shrinking listing gains.Read More
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