Page 14 - Investors

Byju's claims 'certain investors' are conspiring against company

Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders

Interim Budget 2024-25: A turning point for investment treaties

This judgment opened the floodgates, and various similar claims were raised against the government asserting the investor's rights under other BITs

Cash-strapped Byju's to raise $200 mn after taking 99% valuation cut

Equity rights issue likely at post-money valuation of $230-250 million

BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO

BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors a day before its Initial Public Offering (IPO). The company has allotted 93.27 lakh equity shares to 10 funds at a price of Rs 135 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE website. Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares. The offer is entirely a fresh issue of 2.3 crore equity shares. The issue, with a price band of Rs 129-135 per share, will open for public subscription on January 30 and conclude on February 1. At the upper end of the price band, the IPO will mobilise Rs 311 crore. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fu

Market regulator Sebi's move gives fillip to accredited investors

Number of such investors surged 75% in the last month since the onboarding process was simplified

UK watchdog confirms scrapping of tougher company internal controls

The FRC has also just been given anew remit to consider Britain's global competitiveness when writing new rules

Global investors willing to pay premium for India story: Manraj S Sekhon

Sekhon says India's low-correlation with other key markets makes it an ideal bet for diversification

Individual investors' share in AIF commitments at 40%, shows data

Though the minimum investment for AIFs is Rs 1 crore, two-thirds of the total investors have committed to a higher ticket denomination of Rs 5 crore or more

250,000 investors in Sahara cooperatives got refund worth Rs 241 cr: Shah

Cooperation Minister Amit Shah on Wednesday said Rs 241 crore have been returned to about 2.5 lakh small investors who had deposited funds in four cooperative societies linked to the Sahara Group of companies. In March last year, the Supreme Court directed transferring Rs 5,000 crore from Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS). In July, Ministry of Cooperation launched a portal for submission of legitimate claims by depositors in the four cooperative societies -- Sahara Credit Cooperative Society, Saharayn Universal Multipurpose Society, Humara India Credit Cooperative Society, and Stars Multipurpose Cooperative Society. The 'CRCS-Sahara Refund Portal' was launched with the objective of helping around four crore small-time investors whose funds are struck in the four cooperative societies. Addressing a gathering after inaugurating the new office of CRCS spread over 41,000 square feet at the World Trade Centre here, Shah said the ministry

Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC

The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023

Medi Assist's Rs 1,171 crore IPO subscribed 1.20 times on 2nd day of offer

The Initial Public Offering (IPO) of Medi Assist Healthcare Services got subscribed 1.20 times on the second day of subscription on Tuesday. The Rs 1,171.57 crore-IPO received bids for 2,34,69,985 shares against 1,96,19,719 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 1.70 times subscription while the quota for non-institutional investors got subscribed 1.61 times. The portion for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent. The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs 397-418 a share. Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors. The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund. Medi Assist covers over 18,000 hospit

India 'coolest party in town' for all global investors: Zerodha Co-Founder

Global investors face the risk of losing out if they arrive too late in India, which is the "coolest party in town", discount brokerage Zerodha Co-Founder & CFO, Nikhil Kamath, said on Wednesday. In his address at the Vibrant Gujarat Global Summit here, Kamath said in the last decade, India's entrepreneurship has evolved and the startup ecosystem has prospered under the vision and leadership of Prime Minister Narendra Modi. "... to all the foreign investors here, India is seemingly looking like the coolest party in town. I think what you need to be aware of is if you arrive too late, you might not get in," Kamath remarked. The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it. "The last ten years have been incredible and I'm not the only exception here in India. There are many other exceptions like me, we all hang out. We call this the startup ecosystem of ..

Investors subscribe Jyoti CNC Automation IPO 3.92 times on 2nd day

The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday. The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription. Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday. Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is a manufacturer of Computer Numerical Control (CNC) machines. Its customers include ISRO, BrahMos ..

Now that we've built size, we'll focus on profitable growth: Upstox CEO

Not all new players, Kumar says, will be able to scale up profitably, and there will always be an opportunity for consolidation in the industry

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From domestic to global asset pricing

Global asset pricing has interesting implications for investors and firms

Investors kick off 2024 with $123 billion record cash shift, says BofA

Energy stocks saw their seventh straight week of outflows, and the largest since July 2023 of $1.0 billion. U.S. small-cap stocks recorded a weekly inflow of $2.3 billion, their fifth weekly inflow in

60% startup founders report increased revenue, profitability in 2023

Navigating 2024, tech startup founders expect to continue the revenue growth path with measured steps, focusing on optimizing expenditure and maximizing profitability for B2B tech startups

Corporate bosses' message for 2024: Focus on people, tech, geopolitics

In his letter this week, Adani said, there are lessons from the Hindenburg episode, which he would share with his workforce later

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