The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component
Shares of Zydus Wellness rose 1.16 per cent to close at Rs 1,935.60 apiece on the NSE
While 25 per cent of the warrant price is to be paid upfront, the balance 75 per cent is to be paid on conversion
The ₹1,387-crore IPO saw strong interest from institutional and HNI investors, with proceeds earmarked for expansion, subsidiary investment, and debt repayment
In a letter sent to the association of portfolio managers, Sebi directed them to adhere to the code of conduct
Narrow price band of 1% hinders deal execution
Sebi mandates new expiry days for equity derivatives from September; analysts say shift may impact market share with NSE gaining activity and BSE seeing pressure
Motilal Oswal Research has maintained its "neutral" rating on the stock. The brokerage has reduced its FY26 EBIT margin assumption for JLR to 6 per cent from 6.9 per cent earlier
The company raised $200 million from Temasek Holdings Pte and Fidelity Management & Research in June 2024 at a $5 billion valuation, according to Avendus Capital Pvt, one of the deal's advisors
In its 149-page interim order, Sebi noted that Bhasin was a well-known media guest expert with a huge following on social media