According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of ₹352.4 per share. The floor price represents a 1% discount to Wednesday’s closing price of ₹355.95.
BofA upgrades Swiggy to buy rating, lists 3 reasons why
Bank of America Securities upgraded Swiggy to buy, citing its stronger balance sheet after a major fundraise, rising cash generation in food delivery, and potential