Thu, Nov 21, 2024 7:36 PM
SEBI amends AIF rules; investors to have pro-rata rights in investments
A Flip by Avya Verma
Water and wastewater management solutions provider Enviro Infra Engineers raised Rs 194.7 crore from several institutional investors via anchor book on November 21.The company targets to mop up Rs 650.4 crore through the initial share sale, which is a mix of fresh issue of 3.86 crore equity shares worth Rs 572.46 crore, and an offer-for-sale of 52.68 lakh shares worth Rs 78 crore.
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Hero MotoCorp, which launched an array of products in the last financial year, is now looking to expand its portfolio of scooters and motorcycles. The company's CEO, Niranjan Gupta, said during the Q2 FY25 earnings call that they will be launching new variants of XPulse, Xtreme, Karizma motorcycles as well as Vida Electric and Xoom ICE scooters in the next few quarters.
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Alok Sama, former CFO of SoftBank Group, expressed confidence in India's IPO market, driven by domestic investors, and believes it's insulated from global excesses, unlike the 2021 surge fueled by "easy money" and inflated valuations; he's wary of high AI valuations, but sees transformative potential.
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