Wed, Feb 28, 2024 10:59 AM
Jaro Education weighs IPO route to raise Rs 600 crore
A Flip by Avya Verma
Zinka Logistics Solution Limited which began its IPO on November 13, 2024 is closing today on November 18, 2024. The investors are left with very short time to apply on this last day of subscription for the IPO worth ₹1,114.72 Crores. The company that owns the BlackBuck App has fixed the price band in the range of ₹259 to ₹273 for its IPO per equity share.
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The Nifty marked its longest losing streak since February 2023, slipping for the seventh consecutive session amid a sharp sell-off in IT and energy stocks. The Sensex, too, had a turbulent day, swinging 900 points on the bourses. Investor sentiment remained dampened by concerns over the US Fed potentially slowing interest rate cuts, disappointing Q2 earnings, persistent foreign outflows.
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Vietnam's automotive company VinFast - which has ambitions to expand into India - recently got a major funding boost from parent entity Vingroup as well as Chairman Pham Nhat Vuong with a loan of $1.4 billion by the end of 2026, along with a pledge of $2.1 billion in sponsorship from the founder. Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam.
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