IPOs will drive startup revolution in India, says Amitabh Kant
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Last Updated: Jul 23, 2021, 10:51 PM IST
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His comments came on a day when Zomato made a stellar debut on the bourses on Friday, as its shares surged nearly 66% against the issue price of Rs 76.
Niti Aayog CEO Amitabh Kant
Digitisation has provided an impetus to the startup ecosystem in India and IPOs will drive the country s startup revolution, Niti Aayog CEO Amitabh Kant said on Friday. Addressing a virtual event organised by Innovation Venturing and Entrepreneurship in India Network (iVEIN), Kant said among 17 economies, India has emerged as the second-fastest in digitisation.
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S D Shibulal s shareholding in the company increased to 0.07 per cent after the transaction.
S D Shibulal, co-founder of the country s second largest information technology company, Infosys hiked his stake in the company on Wednesday. Mr Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal, data from stock exchanges showed. S D Shibulal purchased 7,58,755 shares in a block deal transaction at an average price of Rs 1,317.95 per share, the BSE data showed.
The sale was executed by ICICI Securities Private Limited as the sole broker.
With the deal, Mr Shibulal s shareholding in the company has increased to 0.07 per cent, a regulatory filing by Infosys said. At the end of March quarter, Mr Shibulal held 0.05 per cent stake in the company. Meanwhile, Kumari Shibulal s holding in the company stood at 0.19 per cent. Kumari Shibulal owned 81,38,175 shares in Infosys after the transaction.
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