In its new filings, Baron Capital mentioned that it had increased the value of its share in Swiggy to $87.2 million, up from its original $76.7 million investment in the company, reported TechCrunch on Friday.
The firm, backed by cricketer Virat Kohli and his wife Anushka Sharma, hit many hurdles over compliance issues resulting in a delayed approval for the public offer.
In total, 243 companies were listed on Indian bourses in the year ended December 31, 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data.
For its IPO process, the company is likely to have picked seven investment banks, including Kotak Mahindra Capital, Citi and JPMorgan, Bofa Securities, Jefferies, among others.
E-commerce enablement SaaS platform Unicommerce has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO).
As companies try to bet on domestic equity markets with its more stable conditions, Five Star Business Finance, Archean Chemical Industries, Kaynes Technology India, and Inox Green Energy are among the stocks whose initial public offerings are set to open next week.
Business-to-business (B2B) e-commerce platform Udaan has raised $120 million in convertible notes and debt, as it plans an initial public offering (IPO) in the next 12-18 months amid the funding winter.
Fourteen Indian corporates raised Rs 35,456 crore through main board IPOs in the first half (April to September) of 2022-23, according to Prime Database.
"Zomato stock reminds me of what Amitabh Bachchan said in 'Deewar' on hearing news of dad's death: 'Mar to woh bees saal pehle gaya tha. Aaj to sirf ussey jalaya ja raha hai'. It was game over on listing itself,"
A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha asked the Centre to file a reply on various petitions.
