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For the company’s existing investors, a public listing is crucial. While the revised DRHP improves disclosures, there’s nothing to show that business headwinds are easing or will in the future.

As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
The department store chain’s only growth engine is powered by distribution, not stores—raising questions about sustainability and profitability.