Meesho’s ₹5,421 crore IPO will comprise of a fresh issue of shares worth ₹4,250 crore, along with an Offer for Sale (OFS) component from existing investors worth ₹1,171.2 crore.
West Texas Intermediate traded near $59 a barrel, narrowly above Wednesday’s close heading into the Thanksgiving break, while Brent settled above $63.
Indexes opened lower in South Korea and Japan, while Australia edged higher as equities struggled for direction following the US Thanksgiving holiday. A gauge of global stocks was flat, but remained on course for its best week since June as…
Jefferies anticipates Lenskart’s revenue to grow at a 24% CAGR over financial year 2025-2028 led by volume growth. Its adjusted EBITDA is likely to grow at a CAGR of over 50% with margin expansion of nearly 600 basis points during…
According to brokerage firm ICICI Securities, the 12% increase is not only lower than what the company sought, but also lower than the 20% increase that the street was factoring in.
Meesho, backed by SoftBank, launches its IPO on December 3 with a ₹4,250 crore fresh issue and offer-for-sale by Elevation, Peak XV, Venture Highway, and Y Combinator, closing December 5.
Lemon Tree Hotel, Surat Airport will offer 110 well-appointed rooms along with a restaurant, banquet and meeting facilities, a swimming pool, a spa and other public areas. Shares of Lemon Tree Hotels Ltd ended at ₹154.40, up by ₹2.85, or…
The amount will be refunded to Lodha Developers along with accrued interest. The court order affirms Lodha Developers’ position as the bona fide successful Resolution Applicant for V Hotels with a legitimate interest in its property. Shares of Lodha Developers…
Bandhan Bank has approved the sale of its NPA and written-off loan portfolios worth over ₹6,900 crore through a bidding and auction process involving ARCs. The move aims to clean up the balance sheet, with Swiss Challenge bidding for NPAs…
Key stocks to watch include Adani Enterprises after its ₹820-crore acquisition move in the flight simulation space, Wipro’s multi-year tech transformation deal in Europe, and Global Health’s expansion with a new 550-bed Medanta hospital in Noida. Pharma names like Zydus,…