ICICI Prudential Asset Management's IPO saw a strong subscription, indicating a likely firm market debut with potential listing gains of 10-20%. Analysts suggest the stock could list above 2,500, with some assigning a 'Buy' rating and a price target of 3,000. The company's strong fundamentals and industry tailwinds support long-term growth prospects.
Bharti Airtel's board has approved calling the remaining 15,740 crore from a rights issue. This move aims to cut debt and strengthen the company's balance sheet. The board also approved a top management rejig. Shashwat Sharma will become the new CEO from January 1. Gopal Vittal will transition to executive vice chairman. Akhil Garg is the new CFO.
TikTok has signed a deal to sell its U.S. business to three American investors Oracle, Silver Lake and MGX ensuring the popular social video platform can continue operating in the United States.
