Mumbai: The initial public offering (IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and … Read more
Mumbai: Cyient DLM, an integrated electronic manufacturing services (EMS) and solutions company, has set the price band for its ₹592-crore initial public offering at ₹250-265 apiece. The issue will remain open from June 27 to June 30. Investors must place bids for at least 56 shares and in multiples of 56. The subsidiary of Cyient … Read more
The trial of the smart parking system on Kasturba Road. | Photo Credit: K. MURALI KUMAR After implementing the smart parking system on 10 roads in the Central Business District (CBD), the Bruhat Bengaluru Mahanagara Palike (BBMP) has now failed to draw any bidders for the new smart parking system planned for all eight zones. … Read more
UnitedHealth Group Inc, Amazon.com Inc, CVS Health Corp and Option Care Health Inc are bidding for Signify Health Inc, Bloomberg News reported on Sunday, citing two people with knowledge of the matter. UnitedHealth has submitted the highest bid in excess of $30 a share, while Amazon’s offer is close behind, Bloomberg said. Signify will hold … Read more