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Tag: qip

Zomato and Blinkit parent Eternal’s board clears plan to cap foreign ownership at 49.5%

Zomato and Blinkit parent Eternal’s board clears plan to cap foreign ownership at 49.5%

The board of food and grocery delivery company Eternal has approved a proposal to cap foreign ownership in the firm at 49.5%, it said in a notice to the stock exchanges. The move is aimed at providing “greater operational flexibility” to its quick commerce unit, Blinkit, by allowing it to hold inventory, rather than operate…

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Retail rush, IPO fever push FY25 fundraising to record Rs 20 lakh crore

Retail rush, IPO fever push FY25 fundraising to record Rs 20 lakh crore

Indian corporates shattered fundraising records in FY2024-25, mobilizing a staggering Rs 19.96 lakh crore through a mix of equity and debt instruments, despite volatile market conditions and global economic headwinds. The data, compiled by PRIME Database, highlights a strong appetite for capital across both primary equity markets and debt channels – making it the highest…

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Prestige Estates to use Rs 5k-cr QIP raise to pare debt, acquire assets, says CMD Irfan Razack

Bengaluru: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide.“We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, chairman and managing…

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