Reliance Jio acquires 100% stake in Reliance Infratel for about Rs 3,720 crore.

Reliance Jio’s arm, Reliance Projects and Property Management Services (RPPMSL), has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,720 crore, Reliance Industries Limited said on December 22. The Mukesh Ambani-led telecom subsidiary had placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets…

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New Covid outbreak in China: India Inc says no need to panic yet

With the global economy — already struggling with the war in Ukraine and stagflation risks — worried about the impact of another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions. Subhrakant Panda, the newly-appointed president of the industry association FICCI, said…

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K-Fin Technologies IPO: Why many mutual fund houses are not in the list of anchor investors?

The anchor book allocation of K-Fin Technologies (KFINT), the registrar and transfer (R&T) agent that floated an Initial Public Offer (IPO) on December 19, shows that just eight fund houses (all serviced by KFINT) received allocation of shares. KFINT is one of the two largest R&Ts in the Rs 40-trillion Indian mutual fund (MF) industry.…

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Shankar Sharma-backed drone startup’s IPO opening on December 13

Pune-headquartered drone startup DroneAcharya Aerial Innovations, which has attracted investments from marquee investors like Shankar Sharma, Mangina Srinivas Rao and VC Kartik, is headed to Dalal Street soon. The company’s initial public offering (IPO) from December 13 – 15 will have a price band of Rs 52-54. Of the 62.90 lakh shares offered, 8.98 lakh…

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