Page 2 - Valuation

Online pharmacy PharmEasy raises $216 million at a 90% cut in valuation

According to a report, the Mumbai-based firm has also been trying to raise Rs 3,500 crore since August 2023 to repay the debt it took from Goldman Sachs

Why IPL player pay has not grown in sync with BCCI and franchise revenue?

While the value of IPL has increased by 433%, the salary cap of the franchise has only increased from Rs 20 crore in 2008 to Rs 100 crore in 2024

Small, midcap valuation premium over benchmarks shrinks, shows data

The long-term data, however, suggests the mid and small stocks have on most occasions traded at a premium to the benchmark index

Flipkart valuation declines by over Rs 41,000 cr in two years, says Walmart

E-commerce firm Flipkart's valuation has declined by USD 5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the e-commerce firm declined to USD 35 billion as of January 31, 2024, from USD 40 billion in the financial year ended on January 31, 2022, as per Walmart's change in equity structure in Flipkart. Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company. Sources, however, peg the current valuation of Flipkart in the range of USD 38-40 billion. Walmart diluted 8 per cent equity in Flipkart for USD 3.2 billion in fiscal year (FY) 2022 reflecting the enterprise value of the e-commerce at USD 40 billion. The US retail giant in FY2024 increased its shareholding by 10 per cent to approximately 85 per cent by paying USD 3.5 billion, reflecting the enterprise valuation of Flipkart at USD 35 ...

India's rising valuations prompt foreign companies to sell holdings

The companies are seeking to capitalise on India's equity valuations which are among the most expensive in the world after eight years of annual gains

Reddit launches long-awaited IPO, targets up to $6.4 billion valuation

The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between $31 and $34 each, to raise up to $748 million

Samara, Amazon-backed More Retail stake sale gets lukewarm response

The joint venture was looking to raise funds at $2 bn valuation

Power Grid Corporation's prospects factored in at current valuations

For FY25, the planned capex is at Rs 15,000 crore, up from earlier guidance of Rs 12,500 crore, alongside capitalisation of Rs 17,000 crore for FY25

Turning cautious: Retracing market volatility in February, shows data

The Nifty Smallcap 100 and the Nifty Midcap 100 posted their first monthly loss after three months, even as the benchmark Sensex and the Nifty managed to eke out 1 per cent gain

India-listed multinational arms outclass parent firms' valuations

Trend may draw foreign companies to India listing, while existing players assess potential of monetising stakes

Max Healthcare Institute acquires Alexis Hospital at Rs 412 cr valuation

Max Healthcare Institute Ltd on Friday said it has acquired 100 per cent stake in Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for an enterprise value of Rs 412 crore. Subsequently, Alexis Multi Speciality Hospital has been renamed as Max Super Speciality Hospital, Nagpur, the company said in a statement. Max Healthcare Chairman and Managing Director Abhay Soi said the successful completion of the acquisition of Alexis Hospital marks "a significant step forward in our growth strategy, allowing us to harness new opportunities, expand our capabilities, and deliver greater value to our patients in this region". Established in 2016, Alexis Hospital provides high-end tertiary care services such as organ transplant, oncology, including radiation, neurology, cardiology, gastroenterology and diagnostics facilities under one roof, the statement said. The acquisition is part of Max Healthcare's strategy to expand in Western and Central India.

Vanguard cuts valuation of Ola Cabs by about 30% at about $1.88 billion

Ola Cabs was co-founded by Bhavish Aggarwal in 2010 and found immediate backing from marquee investors such as Softbank and Tiger Global, besides Vanguard

Issuers in wait-and-watch mode for overseas listing at GIFT City

Issuers will wait for ecosystem to develop further before firming up listing plans

PSU stocks zoom past private sector peers on the bourses, shows data

Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation

Indian markets lead in valuation premium but not in earnings growth

South Korea and South Africa are expected to be the top markets in earnings growth for the next two financial years

Value of Elon Musk's X cut by another fidelity writedown, shows report

Fidelity cut by a further 11 per cent the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund

ShareChat's valuation cut to $1.5 bn, lays off 200 employees: Reports

Company sacked 20% of its workforce in January, impacting around 500 employees

Global demand headwinds could weigh on Bharat Forge, says analysts

Analysts have cut the company's earnings per share estimates to factor in the slow recovery of its overseas subsidiaries. Valuations too, are trading at long-term averages which could limit upsides

Zerodha vs Groww = VC vs bootstrap

Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation

US-based Invesco marks up Swiggy's valuation by 43% to $7.85 billion

This comes after two markdowns by US investor in four months