ET Intelligence Group: Meesho, an e-commerce platform, plans to raise ₹4,250 crore through a fresh issue for investment in cloud infrastructure and capital expenditure. It will also raise ₹1,171.2 crore through an offer for sale. The company plans to spend ₹480 crore or over 11% of the fresh IPO proceeds to pay salaries of employees…
Mumbai: Big-ticket initial public offerings (IPOs) typically leave investors cold. But 2025 has flipped that script, with larger issues drawing strong demand. The average subscription for IPOs above ₹5,000 crore this year has been around 17.7 times – the highest since 2021 and well above the 8-10 times average of previous years. Among the six…
US-based Vanguard Group on Friday bought a 1.1 per cent stake in supermarket chain Vishal Mega Mart for ₹655 crore through open market transactions. Following the stake buy, shares of Vishal Mega Mart rose 2.12 per cent to close at ₹128.80 apiece on the National Stock Exchange. Investment management company Vanguard Group, through its affiliates,…