US fund Blackstone backed diamond certification company International Gemological Institute (IGI) has filed draft papers with the capital markets regulator SEBI to raise Rs 4,000 crore ($480 mn) through an initial public offering (IPO).
Stock markets now seem to have digested the uncertainty related to global tariff wars on hopes of lesser disruption and trade agreements by major economies.
A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction.
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