Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group’s stake will reduce from 100% to 77% post-IPO. The company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a high-risk appetite may consider participating in the IPO.
Wipro faces slow recovery as revenue and deal wins lag peers
Wipro has reported a decline in revenue for the second quarter in a row, contrasting with larger rivals that experienced growth. The total value of