Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Amidst soaring gold prices, jewellery retail chain operator Kalyan Jewellers (KJPL) has decided to tap the stock market to raise more funds. On Monday, KJPL filed its draft red herring prospectus with SEBI for ₹1,750 crore initial public offering (IPO).
The IPO comprises ₹1,000 crore worth of fresh issue of shares and ₹750 crore offer for sale by promoter T S Kalyanaraman and Highdell Investment, a Warburg Pincus firm that has invested in the company earlier. Kalyanaraman is selling shares worth ₹250 crore and Highdell Investment will be offloading shares worth ₹500 crore. Warburg Pincus had invested ₹1,200 crore in 2014 and another ₹500 crore in the company in 2017. KJPL’s promoters hold 76 per cent stake and 24 per cent is held by Warburg Pincus. KJPL has reported a 3.3 per cent jump in revenues at ₹10,101 crore for the year ended March 31, 2020. The company had posted a net profit of ₹145 crore in FY20. The Global Co-ordinators and Book Running Lead Managers to the IPO are Axis Capital Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and SBI Capital Markets Limited. The Book Running Lead Manager to the IPO is BOB Capital Markets Limited.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor