Page 19 - Ashutosh

Surprise corporate actions by Indian tech darlings spur investor scrutiny

Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

Paytm's share buyback plan draws skepticism over growth prospects

While a buyback could help stem the rout in Paytm shares at least temporarily, investors are questioning the attempt to manage the stock price rather than putting the cash to use for business

Paytm's 75% share slump is world's worst for large IPOs in a decade

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

5 famed tech IPOs in India flounder, shedding more than $18 bn in value

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic

All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Adani Group pledges stake worth $13 bn in ACC, Ambuja Cements

The pledge comes as the tycoon's ambitious dealmaking in an array of new sectors from green energy to media raises concerns over the high level of debt across the Adani group.

Gautam Adani's rise to world's second-richest boosts equities' clout

Eight firms controlled by Adani's ports-to-power conglomerate, including recent cement acquisitions, have contributed more than a fifth of the 109-member MSCI India Index's surge since end-June

Adani utility firm eclipses India giants in value with a rise of 125%

Market value of Adani Transmission now beats India's LIC, Bharti, ITC

Rakesh Jhunjhunwala's near $4-bn stock holdings in focus after death

Jhunjhunwala was among the most influential market voices in Asia's third-biggest economy, with an intense following among the nation's growing horde of retail investors.

Zomato stock drops as 612 million shares go for sale on discount

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

Ant-backed Zomato loses $1.1-billion market value in just two days

Zomato - among the first-generation of internet unicorns to tap into India's capital market - tumbled 8.4 per cent in Mumbai trading on Tuesday on top of a 6.6 per cent drop on Monday

Three charts show trouble for Indian stocks nearing a bear market

The Indian stock market's value is already down nearly 20% from its January peak of about $3.7 trillion dollars

With $17-bn wipeout, LIC IPO among biggest wealth destroyers in Asia

LIC's shares are poised to fall for a 10th consecutive session, slipping as much as 5.6% Monday after a mandatory lock-up period for anchor investors ended Friday

Adani group shares take a beating after MSCI index adjusts weight

MSCI published additions and deletions to its global indexes last month but the announcement didn't detail changes to the weightings of individual stocks in its indexes

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday

Markets regulator Sebi probes Schroders' $32 bn India partner Axis AMC

Indian equity mutual funds have lured billions of dollars in inflows over the last couple of years amid a retail-investing boom

Foreign investors step up bids for LIC IPO in last hour before closing

With just hours to go until end of the subscription period for the $2.7 billion initial public offering of LIC, foreign institutional funds have put in orders for merely 8% of the shares