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Cloud kitchen startup Curefoods has successfully raised 160 crore ($18 million) in a pre-IPO placement from Flipkart cofounder Binny Bansal's 3State Ventures. This investment values the Bengaluru-based company at 4,000 crore ($450 million) as it prepares for an 800 crore initial public offering.
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News and Media
Bombay Stock Exchange rejected a company's share listing. The firm planned to invest heavily in cryptocurrencies. This action highlights India's regulatory void for digital asset treasury companies. Jetking Infotrain, an IT training firm, faced this rejection. The company considers appealing to the Securities Appellate Tribunal. This decision puts future crypto treasury plans on hold.
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News and Media
Tata Capital, the financial services arm of Tata Group, is set to launch its 17,000-crore IPO from October 6-8, marking the country's largest public offering since Hyundai last year. This significant issue, driven by RBI directives for NBFC transparency, will raise funds to strengthen Tier-I capital and support future lending growth. Tata Sons will remain the primary shareholder.
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News and Media
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