The issue gives a partial exit to private equity investors TPG Asia and HBM. The promoter share will be diluted from 41.8% to 35.2%. The issue proceeds are going to be used for repayment of borrowings.
PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention
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