Adani Power shares slipped to Rs 147 on Monday after trading ex-split following a 1:5 stock sub-division. The decline is purely optical, as the overall value of holdings remains unchanged. The company had reported a consolidated June-quarter profit of Rs 8,759 crore, and Morgan Stanley initiated coverage with an overweight rating, projecting a 41.9 GW portfolio by FY32.Read More
Anand Rathi Group launches its second IPO, Anand Rathi Share and Stock Brokers, after the success of its wealth management company. The wealth arm delivered nearly 1,000% return to investors. The new IPO aims to raise Rs 745 crore. The brokerage arm’s revenue and profit have also shown significant growth.Read More
Rubicon Research secured Rs 140 crore from TIMF Holdings and 360 ONE funds before its IPO. General Atlantic Singapore RR Pte transferred shares in this deal. General Atlantic remains the majority shareholder. The company plans to launch its IPO by the end of this year. Proceeds will be used for debt repayment and acquisitions.Read More
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