In one of the most eagerly awaited initial public offerings (IPOs) of the year, India’s investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised a whopping Rs 2,984.5 crore from anchor investors ahead of its public debut. The announcement has sent ripples across the Indian financial ecosystem, prompting investors to scrutinize whether Groww is poised to become the…
In a notable development, Vedanta Ltd, under the leadership of Anil Agarwal, has received approval from its board to proceed with an Offer For Sale (OFS) of its 2.6% stake in Hindustan Zinc (HZL). The board’s decision authorizes the sale of up to 110 million equity shares of Hindustan Zinc, a move that is set to raise approximately ₹6,450 crore at the current share price of ₹586.00 on the…
