Work starts on $2-billion Tata Capital IPO

The conglomerate recently gave Kotak Investment Banking officials the go-ahead to commence the process after a meeting, they said. It plans to appoint additional bankers by January, they added.

5 IPOs closed with strong response from investors

The ₹839-crore Transrail Lighting issue, priced at ₹410-432 per share, received 80.8 times bids. The IPO consisted of a fresh equity issue worth ₹400 crore and OFS of 1.01 crore shares by promoter Ajanma Holdings.