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US-based IT major Cognizant, which has a substantial number of employees in India, is actively exploring the possibility of a primary offering and a secondary listing in India, a top company official said. A primary offering typically involves raising new capital by issuing new shares, thereby increasing the company's share capital, whereas a secondary listing involves selling already issued shares in a new market. The potential secondary listing would enable NASDAQ-listed Cognizant to offer its shares on Indian stock exchanges, increasing its visibility among Indian investors and potentially enhancing market liquidity. Cognizant's board and management team regularly assess opportunities to enhance shareholder value. Towards this end, we have been assessing a potential primary offering and a secondary listing in India with our legal and financial advisors. "As part of this comprehensive review, which is still in its early phase, we are engaging various stakeholders from both India
Fertility services provider Indira IVF Hospital Ltd has confidentially filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO), according to a public announcement on Wednesday. The development comes amidst growing investor interest in the Indian assisted reproductive technology (ART) sector, buoyed by increasing awareness, expanding market size, and favourable demographics. In a public announcement, Indira IVF stated that it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges... in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges." The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). Further, pre-filing DRHP does not guarantee the company will go ahead with the initial public offering (IPO). Meanwhile, market sources said Gaudium IVF and Women Healt
Renewable energy solutions provider Waaree Renewable Technologies on Wednesday announced that it has been listed on the National Stock Exchange of India (NSE). "Waaree Renewable Technologies Limited's NSE debut is a strategic inflection point. It provides the company with wider stakeholder engagement, and enhanced capital access to drive future expansion," the company said in a statement. Shares of the company were trading 0.85 per cent lower at Rs 856.95 apiece on the NSE. This listing not only elevates the company's market visibility and investor accessibility but also highlights its remarkable growth trajectory and commitment to building a greener, self-reliant India, the statement said. "Being listed on the NSE is a defining moment in our journey. It symbolises scale, credibility, and intent," said Viren C Doshi, Director at WRTL. With execution of over 1.82 GW in solar EPC installations and currently managing execution of an additional 1.7 GW of projects, WRTL has solidified