/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company will raise Rs 2,150 crore through a fresh issue while institutional investors and promoters will be offloading 127.5 million equity shares via an offer for sale.
Eyewear retailer Lenskart Solutions has finally jumped on the initial public offering bandwagon. It reportedly aims to raise around Rs 7,278 crore ($871 million) through an IPO that kicks off on 31 October.
The Gurugram-headquartered company, which was started in 2010, is backed by investors such as Temasek, Kedaara Capital, ADIA and SoftBank. It is valued at around Rs 70,000 crore (about $8 billion), per media reports.
The company is hoping to raise Rs 2,150 crore (around $257 million) through fresh proceeds while institutional investors and promoters will be offloading 127.5 million equity shares via an offer for …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.
