Venu Srinivasan and Vijay Singh, vice‑chairmen of Tata Trusts, have formally questioned Noel Tata’s proposal to merge two Tata Sons subsidiaries, arguing the move was taken without proper trust board approval.
Posts tagged as “IPO”
India's National Stock Exchange listed at a 5% premium, making it the country's second‑largest IPO and propelling the exchange into the top‑10 most valuable firms.
A showdown at Tata Sons sees the board reappointing N Chandrasekaran despite opposition from majority shareholder Tata Trusts, while a public listing of the holding company looms.
On its second day, the National Stock Exchange of India IPO retained a grey market premium of about 8%, with overall subscription at 43% and mixed participation across investor categories.
Tempsens Instruments raised Rs 650 crore in its public issue, saw overall subscription of 184.07 times and listed with a 111% premium, underscoring strong investor appetite.
Milky Mist's IPO opens for subscription, aiming to raise ₹1,553 crore.
Dhoot Transmission's IPO, worth over Rs 3,000 crore, opened on Aug 10 with a grey‑market premium suggesting a 30% listing gain.
Q-Line Biotech Ltd. filed a book‑building IPO of 6.25 million shares to raise up to Rs 214.48 crore, with proceeds earmarked for working capital and debt repayment.