With Indigo Paints IPO, Sequoia Capital clocks another big gain from a non-tech bet
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Sequoia Capital will garner up to Rs 650 crore by selling 7-8% stake in the Indigo Paints in IPO process. It will continue to hold about 28% of the company.
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Mumbai:Sequoia Capital, among the world’s most successful technology investors, is scripting a big win from a non-technology company in India a trend the fund has consistently seen locally, unlike the US and China markets.
The Silicon Valley-based venture capital firm, an early investor in Apple, Google, WhatsApp and Airbnb among other technology firms, is likely to garner up to Rs 650 crore by selling 7-8% stake in the Indigo Paints IPO, which opened on Wednesday.
Ahead of Market: 12 things that will decide stock action on Monday
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A few analysts said Friday s fall could just be a single-day affair, but for that to be true Nifty needs to close above the 14,500 level on Monday.
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India VIX needs to cool down below 20 level to again get the bullish stance.
NEW DELHI: Headline equity index Nifty saw a bout of profit booking and formed a bearish candle on the daily chart on Friday. On the weekly scale, the index closed a little lower than the week s opening to form a Gravestone Doji candle, signalling indecisiveness on Dalal Street.
Friday, 15 January, 2021, 13 : 00 PM [IST]
Karan Chechi
The Indian snack processing industry has been witnessing robust growth in the recent times, significantly driven by the shifting consumers preferences towards ready to eat food items, changing demographic structure of the country, rapid urbanisation within the country, and distinct lifestyle change among the consumers. Humanâs food requirement is no more limited to traditional meals comprising of breakfast, lunch, and dinner, and it goes beyond basic survival necessity.
Snacks have become an inevitable part of the daily food intake of the consumers to counter sudden food craving or to hold them up until the next meal. Furthermore, the rapidly changing consumer consumption pattern is further contributing to the growth of the market in India. India comprises of a large consumer base which includes millennials and Gen-Z and this demographic structure is further increasing with each passing day
Mrs Bector’s Food IPO investors saw their money double on listing day
Rounak JainDec 24, 2020, 10:23 IST
Mrs Bectors
Mrs Bector’s Food shares debuted on the bourses today at a premium of over 73%.
An investment of ₹14,400 in the company is now worth almost ₹30,000 – more than doubling investor wealth on listing day.
Mrs Bector’s is a premium biscuit-maker and counts McDonald’s, Indian Railways as well as government canteens amongst its clients.
Mrs Bector’s Food Specialties had a record-breaking initial public offering (IPO), receiving subscriptions worth ₹40,000 crore for an offer of ₹540 crore. That has translated into a bumper listing as 2020 draws to an end.
Share Market Highlights: Sensex closes at record high, Nifty at 13,749; ONGC, RIL, Sun Pharma top gainers December 24,2020 16:04 IST
Sensex, Nifty Highlights on December 24: Market indices rose sharply and closed 1.1% higher each on Thursday, tracking gains in index majors, amid positive cues from global equities
ACC, Ambuja jump up to 10%
Shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange after the companies received board nod for renewal of technology fees agreement with their parent company, Holcim Ltd. The stock was trading near its 52-week high of Rs 271.95 touched on November 17, 2020. The companies pay TKH fees @ 1 per cent of net sales each year, to HTL, for a period of 2 years w.e.f. January 01, 2021 on the same terms as the present TKH agreement, ACC and Ambuja said in a separate regulatory filing.