Fri, Feb 23, 2024 1:11 PM
Small-cap FMCG stock Sarveshwar Foods hits 52-week high after declaration
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Homegrown audio device and wearables brand Boat has selected ICICI Securities, Goldman Sachs and Nomura as bankers for its $300-500-million public issue lined up for the next financial year, according to sources cited by the Economic Times. The New Delhi-based company may seek a valuation above $1.5 billion, although the final numbers may shift in the run-up to the IPO.
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CIEL HR Services Limited, a provider of technology-driven human resources solutions, is set to file draft papers for its initial public offering (IPO) on November 14, aiming to raise around Rs 450 crore, people aware of the matter told Moneycontrol. The offering will include a fresh issue of approximately Rs 350 crore alongside an offer for sale by existing shareholders.
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Corporate earnings for the second quarter of FY25 have been underwhelming, characterized by muted revenue growth and a decline in both profits and margins. While the Banking, Financial Services, and Insurance (BFSI) sector has demonstrated decent performance, non-financial companies continue to face significant challenges amidst prevailing headwinds.
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