Company leads India's electronic manufacturing services and has improved revenue by 32% in the last decade
The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round
Roark beat out a late challenge from a rival bidding group led by TDR Capital and Sycamore Partners, which also submitted a final bid of more than $9 billion
Revenue of the contract research and manufacturing services player was down 21 per cent y-o-y
At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion
Sharp rally and integration/execution challenges may cap upsides for the stock
Adani Total Gas lost 73.8 per cent of its value, Adani Transmission saw a decline of 69.2 per cent, while Adani Green Energy was down by 54.7 per cent
Lender's financial performance has been robust but high valuations may cap further gains
BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023
Fidelity holds stakes in the e-commerce firm through multiple funds
The revised valuation represents a massive 49% decrease from the $10.7 billion valuation
The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22
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The revision in valuation has been done according to IRDAI guidance
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Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece
Auction to be held on two days, starting December 22
"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said
In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on its loans worth Rs 24,000 crore
Edtech major Byju's is likely to raise over USD 500 million (about Rs 3,900 crore) at a valuation of around USD 23 billion in about a week, sources privy to the development said. The company is planing to use the funding for acquisition in the US, they added. The company is in discussion with Abu Dhabi's Sovereign Wealth Funds (SWF) and Qatar Investment Authority (QIA) for raising in the range of USD 400-500 million and USD 250-350 million, respectively, according to the sources. "Byju's is in an advanced stage of discussion with some investors. The company is likely to raise over USD 500 million in about a week. The transaction is expected to be closed at a valuation of around USD 23 billion," one of the sources told PTI, who did not wish to be named. Byju's declined to comment on the development. According to the source, the funding is part of the company's plan to use the fund for inorganic expansion, especially in the US. The company has already acquired US-based reading plat