Sun, Jan 5, 2025 9:50 PM
7 public issues to hit Dalal Street with 6 listings lined up for next week
A Flip by Shubhangi Gupta
Nuvama expects $180 million outflow due to ITC Hotels demerger, with $110 million and $70 million impacts on Nifty50 and Sensex, respectively, assuming a static price of Rs 260. The demerger ratio is 1:10, and ITC Hotels is expected to be listed separately in 30-40 days, after which it will be removed from NSE and BSE indices.
Open Flip
Rishen Kapoor, co-founder and former CEO of SaaS startup Toplyne, has rejoined Peak XV Partners (formerly Sequoia Capital India & SEA) after his three-and-a-half-year-old venture ceased operations in October. "peak XV has always felt like home, I am excited to be back, working with the founders building the future," Kapoor said in a LinkedIn post.
Open Flip
Shares of IndiaMART InterMESH Ltd. are trading with gains of as much as 5% on Tuesday, January 7. Brokerage firm JM Financial has issued a double upgrade on IndiaMART InterMESH in its latest note, following a 28% correction in the stock over the past three months, raising its rating to 'Buy' and price target to ₹2,450, implying a 13% potential upside from Monday closing level.
Open Flip
