Wed, Apr 3, 2024 12:21 PM
Only 8% of GCCs present in Tier II cities in India as Tier I dominates
A Flip by Shubhangi Gupta
Whatfix, a digital adoption platform, has announced a $58 million liquidity program, including ESOP and secondary sale by investors, following its $125 million Series E fundraising, valuing the company at $870 million post-money, allowing eligible employees to liquidate vested units and share in the company's growth.
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While there is still a suspense over the timing of National Stock Exchanges' (NSE's) initial public offering (IPO), the buzz around its public issue has grown in the last 3-4 months, sparking a rally in its share price by 35-45% in the unlisted market. From a price of Rs 4,300, 3-4 months ago, NSE shares are now trading at around Rs 5,800 per share, which represents a 35% uptick, said one analyst.
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Navaratna defence PSU Bharat Electronics Ltd (BEL) on Monday (October 7) said it has secured additional orders worth more than ₹500 crore since its last announcement on September 11, 2024. The new contracts include EMI (electromagnetic interference) shelters, annual maintenance contracts for integrated air command and control system nodes, upgrades and spares for gun systems, radar spares.
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