Tue, Feb 13, 2024 6:30 PM
Smallcap index down over 3% in February so far; time for bottom fishing?
A Flip by Shubhangi Gupta
KKR is set to double down on its bet on LEAP India Pvt Ltd, that is already majority-owned by the PE firm and is raising Rs 535 crore in its latest funding round led. KKR is investing Rs 333 crore in LEAP India’s ongoing fundraising, while Sixth Sense is investing Rs 70 crore, and First Bridge and Madhurima International are investing Rs 60 crore and Rs 50 crore, respectively.
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This week nifty traded in a narrow range of 300 points, showing no clear direction. For the last three days index struggled near the 23,870 level on the upside while finding support around 23600 on the downside. This tug of war between bulls and bears led to the formation of multiple Doji candles and inside bars on the daily chart indicating indecision.
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Crypto payments firm MoonPay is in talks to acquire Helio Pay for nearly $150m, marking its largest acquisition to date. Helio Pay's self-service platform allows content creators and eCommerce merchants to receive crypto payments. The acquisition would expand MoonPay's payment infrastructure and capabilities.
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