capital markets
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Health Insurance Giant Niva Bupa Set for Public Listing with ₹3,000 Crore IPO
True North, a prominent home-grown private equity firm, is spearheading an initial public offering (IPO) for Niva Bupa Health Insurance Ltd., previously known as Max Bupa Health Insurance Company. The Securities and Exchange Board of India (SEBI) has granted final observations for the firm to raise ₹3,000 crore through this IPO, marking a significant milestone for the company. Niva Bupa…
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Business
Hyundai India Set Launch Historic $3.3 Billion IPO in Mumbai Today
Hyundai India is set to open the order books for its massive $3.3 billion initial public offering (IPO) in Mumbai, starting Monday, according to regulatory filings. This offering marks the largest IPO in Indian history and ranks as the second-largest globally in 2024. India’s capital markets continue to show remarkable momentum, with 260 companies raising over $9 billion so far…
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Business
Edelweiss Founders Divest Stake in Nuvama Wealth to Meet Regulatory Requirements
Edelweiss Financial Services Ltd founders Rashesh Shah and Venkatchalam Ramaswamy have sold part of their stake in Nuvama Wealth Management to meet regulatory minimum public shareholding requirements, according to an exchange filing. While the exact amount and price of the shares sold were not specified, Shah held a 4% stake, and Ramaswamy owned 1.79% as of the June quarter. The…
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