IPO: The Laxmi Dental IPO, aiming to raise ₹698.06 crore, has been subscribed 23.19 times on Day 3, with a grey market premium of ₹142, indicating an estimated listing price of ₹570. The company plans to utilize the net proceeds for debt repayment, capital expenditure, and general corporate purposes.
Open FlipAether Industries' shares jumped 3% after the company announced an amendment to its supply agreement with Baker Hughes, finalizing volume and pricing terms for two exclusive products to be manufactured by its subsidiary. This marks the next phase of collaboration between the companies, with production to take place at Aether's advanced facility.
Open FlipA year after posting his first ever annual loss, Brazilian hedge fund manager Rogerio Xavier pulled off a comeback. The 58-year investor, one of the founders of SPX Capital, saw the SPX Raptor fund — a more aggressive version of its flagship Nimitz offering — top 96% of peers tracked by Bloomberg last year. The fund jumped 22% after fees.
Open Flip