Ola Electric Mobility has approved a qualified institutional placement, setting a floor price of ₹37.74 per equity share.
The company is pursuing the fundraising to strengthen its position amid slowing sales and market share challenges in the electric two-wheeler sector. The QIP follows a recent ₹2,000 crore investment into its subsidiaries aimed at improving localization and vertical integration.
India's securities regulator has cleared the initial public offering for quick commerce firm Zepto. The move opens the door to a potential Rs 12,000 crore listing later in 2026.
AI द्वारा रिपोर्ट किया गया
Coal India's offer for sale opened to retail investors with non-retail buyers showing robust interest on the first day. The state-owned miner reported subscriptions of 8.14 times from this group amid mixed views on its future.
Reliance Industries' telecom arm, Jio Platforms, has informed bankers of plans to file its IPO prospectus as early as March. The move involves filing initial documents by the end of this month. Seventeen bankers have been appointed to manage what could become India's largest IPO.
AI द्वारा रिपोर्ट किया गया
Steel Authority of India posted a sharp increase in net profit for the fourth quarter of fiscal 2026. Consolidated profit after tax climbed 47% year on year to 1,835 crore rupees. Revenue grew 5% over the same period.