The Rustomjee Group company’s IPO includes a fresh issue worth Rs 560 crore and an offer for sale (OFS) of up to Rs 75 crore by the promoters – Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.
Tech equity sales renew AI debt-binge worries
Tech giants are aggressively selling stock, raising billions, signaling a potential spending spree. While this boosts balance sheets, it also suggests increased borrowing and capital