The company’s promoters Boman Rustom Irani, Percy Sorabji Chowdhry and Chandresh Dinesh Mehta are the ones offloading stake in the OFS.The retail quota in the IPO has been fixed at 35% of the issue size, 50% for qualified institutional buyers or QIBs and the remaining 15% for non-institutional bidders.
Peter Lynch does not like the AI trade; here’s why he says ‘Know what you own’
Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit