E-commerce platform Meesho is preparing for its Initial Public Offering. The company aims to launch its IPO in the second week of December. The offering is expected to raise between ₹5,500 crore and ₹6,000 crore. This move will allow some investors to partially exit. Meesho has received approval from Sebi for the IPO.Read More
General Atlantic is close to acquiring a 7% stake in Balaji Wafers for ₹2,500 crore. This deal values the Gujarat-based snack maker at approximately ₹35,000 crore. Balaji Wafers founder Chandu Virani confirmed the negotiations are in the final stages. The company is a major player in the Indian salty snack market, ranking third nationally.Read More
Bajaj Finance reported a 23% yearly increase in consolidated net profit to ₹4,948 crore for the July-September quarter, driven by a 22% rise in net interest income and a 26% surge in new loans booked. The NBFC’s assets under management grew 24% to ₹4.6 lakh crore, with a mild deterioration in asset quality to 1.2%.Read More
Edtech firm Physicswallah is set to raise ₹3,480 crore via IPO to fund expansion, despite a widening net loss. The company, which has aggressively grown its offline centres, saw revenue surge but profitability remain elusive. Investors are eyeing financials closely due to a high valuation in a fragmented market.Read More
In today’s trade, shares of Bajaj Finance, Vodafone Idea, Britannia, Ather Energy, Hero MotoCorp among others will be in focus due to various news developments and second quarter results.Read More
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