IPO green shoots get 2024 party started early
Companies listing on US exchanges have raised roughly $7.2 billion so far in September, accounting for 56% of the cash raised in global IPOs that priced this month, data compiled by Bloomberg show. While Arm accounts for nearly $4 of every $10 raised this month, a boost in activity around the world suggests a broad-based […]
SBI Card tops peers in August
Spend share of SBI credit cards jumped 40% on-year to ₹27,400 crore. HDFC Bank card spends were the highest among peers at ₹39,400 crore while its market share of cards in force fell a percentage point to 20 %.
Sterling & Wilson board approves Rs 1,500 crore fundraise
Sterling & Wilson Renewable Energy has announced plans to raise Rs 1,500 crore through debt or equity. The company is considering an equity share sale to repay debt maturing this fiscal year, with a scheduled principal repayment of Rs 1,200 crore between September 2023 and March 2024. Shapoorji Pallonji and Company holds an 18.5% stake […]