A propped-up valuation gives a rosy picture of the portfolio to a fund’s investors and paves the way for the fund manager to attract more money from new as well as old investors when it goes for the next round of fund-raising.
DMart operator Avenue Supermarts reported an 8.5% year-on-year rise in consolidated net profit to Rs 743 crore in Q2FY27, while revenue grew 17.8% to Rs
Adani Green Energy reported a 24% year-on-year rise in operational capacity to 20,763 MW in H1FY27, while energy sales jumped 32% to 25,747 million units.
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