Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock’s negative listing. Afcons Infrastructure’s muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent’s higher OFS and challenging phase.
Lendingkart Finance founder Lunia steps down as MD
Harshvardhan Lunia resigned as Lendingkart Finance MD in June. The company awaits RBI approval for a new MD recommended by Fullerton Financial Holdings. Lendingkart reported