HNI’s Purchasing Swiggy Unlisted Shares before Swiggy IPO-Prosus, Accel, Elevation Selling Them
A group of initial investors of Swiggy are selling their shares and partially reducing their stake in the food delivery enterprise. This strategic move comes ahead of the much-anticipated IPO later this year as per the reports. These shares will be acquired by new investors who are optimistic about the company’s future growth potential. Sources […]
Hexaware Plans To Hire 8000 Employees Globally
Hexaware Technologies, a leading global technology solutions provider, has announced an expansion of its workforce. The company plans to hire between 6,000 and 8,000 employees globally in 2024, subject to favorable market conditions. This announcement opens exciting opportunities for talented individuals across various domains. What does this mean for Indian job seekers? This hiring spree […]
Waaree Energies Secures 900 MW Solar Module Contract In Rajasthan
Waaree Energies Ltd., a leading solar power company and India’s largest solar PV module manufacturer has signed a contract with Serentica Renewables India Private Limited. This deal is to supply 900 MegaWatts (MW) of solar modules for a major solar power project in Rajasthan. The successful completion of this project will be a major leap […]
HDB Financial To Raise Rs 500 Crore By Sep 27 Bonds.
HDB Financial Services in India plans to raise Rs 500 crore ($59.85 million) through the reissue of bonds maturing in September 2027. Three bankers confirmed this information as per Business Standard. The company will offer an annual yield of 8.35% on this bond reissue. This makes them a good investment choice for institutional investors and […]
5 Commonly Used Methods For Unlisted Company Valuation
Valuing listed stocks on major exchanges is straightforward due to readily available market prices. However, determining the fair value of unlisted shares presents challenges because they do not have readily available market prices. In such cases, valuation often hinges on book values or speculative assumptions. The pursuit of maximizing returns drives investors, with value investors […]
How Will NSE’s 90% Price Cap On SME IPO Affect Investors?
The National Stock Exchange of India (NSE) has introduced a new regulation to standardize price discovery for SME IPOs during the pre-opening session. Starting from July 4, 2024, this rule aims to bring consistency across exchanges and reduce excessive volatility in opening prices. The new rule sets a price cap of 90% above the issue […]
What Is A CML In Trading?
A Client Master List (CML) is a certificate of your demat account issued by the depository participant of your demat account. It contains all the important information such as your: Why is a CML Document Required? Having access to CML is useful in many ways as it : What details does CML Reflect? A)First, let’s […]
Bira 91 Raises $25Mn From Kirin Holdings-Total $50M Closed
Craft Beer-making company Bira has now raised $25 Million from its existing investor Kirin Holdings. This funding was through ECB(External Commercial Borrowing). With this Bira 91 has raised a total $ 50 million in the last 3 months. Their previous funding was from Tiger Pacific amounting to $ 25 million. How is this fundraiser going […]
Prosus Reports Swiggy Revenue Grew By 24% in 2023
Prosus, who is the largest investor in swiggy shares, stated that the IPO-bound company’s revenue has grown by 24% in the calendar year 2023. However, the Dutch-based investment firm didn’t disclose Swiggy’s Revenue Figures. What Did Prosus Disclose About Swiggy? Prosus Analysis About Swiggy’s Growth “Swiggy’s core food delivery business GOV grew by double […]
Capgemini Establishes Center Of Excellence (CoE) For Skilling In Emerging Technologies
Capgemini has announced the establishment of a new and first-of-its-kind Center of Excellence (CoE) that will skill its workforce in emerging technologies in Uttar Pradesh. It has partnered with Noida Special Economic Zone (NSEZ) to develop an integrated CoE that will help the unemployed youth as it will offer them training in emerging technologies. How […]
