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Ventive Hospitality, a luxury hospitality asset owner, has raised over Rs 719 crore from 26 anchor investors ahead of its IPO. The anchor book was oversubscribed 2X, with significant participation from mutual funds, insurance companies, and sovereign funds. The IPO opens on Friday.
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News and Media
The Indian rupee hit a record low of 85.07 per dollar on Thursday, pressured by the US Fed's hawkish stance and rising US bond yields. The rupee has depreciated for four consecutive days despite RBI intervention. Foreign portfolio investors sold Rs 4,224.9 crore on Thursday.
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News and Media
Norges Bank, on behalf of the Government Pension Fund Global, acquired 16.59 lakh and 17.50 lakh shares of Inventurus Knowledge Solutions at Rs 1,923.92 and Rs 1,899.67 per share, respectively. IKS stock debuted at Rs 1,900, a 43% premium to its issue price of Rs 1,329, and closed at Rs 2,030 on Thursday, up 6.84% or Rs 130 over the listing price.
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News and Media
Concord Enviro, a water and wastewater management solutions provider, is launching an IPO to raise Rs 500 crore. The company has a strong international presence and a growing order book. However, its financial performance has been inconsistent. Investors should carefully assess the company's future prospects before making an investment decision.
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News and Media
The Reserve Bank of India commends states for fiscal deficit reduction but urges adherence to the 'golden rule' of financing current expenditure with current revenue. The RBI also criticizes excessive subsidies and cash transfers, advocating for rationalization and outcome-based budgeting for better resource allocation and developmental impact.
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News and Media
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