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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
A bitcoin treasury and mining company linked to the Trump family began trading Wednesday on the Nasdaq stock market. American Bitcoin's listing follows a completed merger with Gryphon Digital Mining. The company is backed by President Donald Trump's sons, Donald Trump Jr and Eric Trump. Our Nasdaq debut marks a historic milestone in bringing bitcoin into the core of US capital markets, Eric Trump said in a statement. He is a co-founder and chief strategy officer of American Bitcoin. Public companies accumulating bitcoin as a corporate treasury has become a popular trend in crypto as the world's most popular digital asset is priced near an all-time high. The parent company of Trump's Truth Social has also moved to accumulate bitcoin. American Bitcoin said it plans to use self-mining operations and opportunistic bitcoin purchases to stand out in a growing field. Wednesday's listing gives investors yet another chance to put money in a Trump-linked crypto project. The Trump family has
Nasdaq-listed ReNew Global Energy on Friday said a group of investors and three promoters intending to take the company private have increased the offer price to buy public shares at USD 8 apiece, raising the company's valuation to USD 3.2 billion (around Rs 27,000 crore). The offer price is USD 0.93 higher than their first offer made on December 10, 2024 - an increase of 13.2 per cent, the company said in a statement. This takes ReNew's valuation to USD 3.2 billion (around Rs 27,000 crore), it added. Three promoters and a new investor, Masdar, have offered USD 8 per share for a total of USD 880 million, up from USD 7.07 per share offered earlier. The revised offer has come from a consortium of investors, comprising Abu Dhabi's Masdar, Canada Pension Plan Investment Board (CPP Investments), Abu Dhabi Investment Authority (ADIA), and ReNew's founder and CEO Sumant Sinha. The group has offered to buy all outstanding shares of the company for USD 8.00 per share in cash, with the tot