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).
According to sources, on the first day itself, the bids from the anchor investors or large investors are twice the size of the anchor book.
The government is counting on the sale of shares in LIC, which has the lion's share of the life insurance market in India,
The claim of profits for the government, which is the primary investor, is limited to just five per cent while 95 per cent
The decision was taken in the Union Cabinet here on Wednesday to boost the exports sector.
Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares for monetisation in the upcoming IPO.
