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Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.25B valuation, while founder Ronnie Screwvala increases his stake to 45 per cent amid strategic changes for growth
Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for integrated urban development and infrastructure, has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from market regulator SEBI. The approval is under the name ImpactR SM REIT, REPL said in a statement on Thursday. This is the second SM-REIT in India to receive this registration following the new regulations. "We will soon be launching our first IPO (Initial Public Offering) under ImpactR SM REIT. Moving forward, we plan to expand beyond traditional residential and commercial assets, introducing diverse asset classes such as warehousing, hospitals, hotels, and industrial spaces," said Pradeep Misra, CMD of REPL. SEBI first notified the regulations for SM-REITs on March 8, 2024, setting out a regulatory framework aimed at streamlining Fractional Ownership Platforms (FOPs) and enabling wider participation in real estate investments. With this registration, REPL will serve as the ...
The initial public offer of SoftBank-backed Unicommerce eSolutions got subscribed 12.22 times on Wednesday, the second day of subscription. The IPO received bids for 17,20,68,750 shares against 1,40,84,681 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) attracted 35.54 times subscription while the quota for non-institutional investors got subscribed 19.50 times. The Qualified Institutional Buyers (QIBs) part received 80 per cent subscription. The initial public offering (IPO) of Unicommerce eSolutions got fully subscribed within hours of opening for subscription on Tuesday. The issue, with a price band of Rs 102-108 a share, is open for public subscription from August 6-8. Unicommerce eSolutions on Monday said it has garnered over Rs 124 crore from anchor investors. The issue is entirely an offer-for-sale (OFS) of up to 2.56 crore equity shares valued at Rs 276.6 crore at the upper end of the price band. Therefore, the
The shares of Suraj Estate Ltd are available at a premium of Rs 70 in the grey market on Monday, which is Rs 14 higher from its weekend GMP of Rs 56
LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020
With the cryptocurrency market nearly 80 percent off its peak, a critical question is exactly how much the ICO boom has deflated
There are many ways to structure your ICO or digital token sale
ICOs are typically built on the technology of another cryptocurrency called Ethereum
Online fund-raising has made it easier than ever to raise large sums