Malabar India Fund Limited pays balance due on warrants of HLE Glascoat Ltd equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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Online travel app
Ixigo has raised $53 million from investors led by Gamnat, an investment firm
managed by Singapore sovereign wealth fund GIC Private Limited, according to
filings with India’s Ministry of Corporate Affairs.
The round also has
participation from Bay Capital Holdings Limited, IE Venture Fund, India Acorn Fund
Limited, Malabar India Fund Limited and others.
Launched in 2007, Ixigo
is an online travel agency that offers bookings of flights, hotels, trains and
buses. In February, Ixigo acquired Confirmtkt, an Indian online train discovery
and booking platform.
The company says prior to the pandemic, more than 25
million people took train trips every day in India, making it an
cartrade ipo: CarTrade Tech likely to get Sebi nod for Rs 2,000 cr IPO this week; launch slated for August indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis
CarTrade, an online auto classifieds platform, is looking at a valuation of $1.5 billion in the IPO and will look at listing later in the year, depending on market conditions.
ETtech
CarTrade recently changed its status from a private company to a public one, a prelude to an IPO, company filings sourced by Tofler showed. (Photo: Reuters)
Mumbai: Online auto classifieds platform CarTrade has begun preparations for filing the draft prospectus for its initial public offering (IPO) to raise around Rs 2,000 crore, three people directly involved in the process said.
It has appointed the investment banking arms of Axis Bank, Citigroup, Nomura and Kotak Mahindra Bank to manage the issue, the people said. The Warburg Pincus and Temasek-backed company helps people buy both new as well as used cars.
Shares of Rossari Biotech rallied 9 per cent to Rs 1,199 on the BSE in intraday trade on Wednesday. This is also the stock s highest level since listing on the bourses on July 23 last year. It surpassed its previous high of Rs 1,145.65, hit on February 19.
Thus far in the month of April, the specialty chemicals company s stock has soared 16 per cent in the four trading days, after the company announced full commissioning of its Greenfield manufacturing facility at Dahej, Gujarat.
The Greenfield facility will have a total installed capacity 132,500 MTPA, enhancing the total capacity of Rossari by 2.1x to 252,500 MTPA. A strong upcoming pipeline of new product launches and new business lines within the four core chemistries should enable the Company to sustainably ramp-up utilization levels at the Dahej unit over the next 3-4 years, Rossari Biotech said in a press release.