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Four cos set to go public next week; seek to raise over Rs 4,500 cr via IPO

The primary market is heading for a busy time, with four firms, including Global Health Ltd, which operates hospitals under the Medanta brand, and micro finance lender Fusion Micro Finance Ltd, lining up their IPOs next week. The other two companies whose IPOs are ready to open are DCX Systems, a manufacturer …

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Realme says govt unlikely to push Chinese phone cos out of sub-Rs 12,000 segment, Telecom News, ET Telecom

Madhav Sheth, CEO, realme India, VP, realme and President, realme International Business Group. Realme, India’s second ranked smartphone brand, doesn’t expect the Indian government to take any steps that would push Chinese brands out of the under-Rs12,000 segment, its India CEO Madhav Sheth said. Speaking to ET’s Subhrojit Mallick, Sheth said India is focusing on …

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UK’s Varde may get troubled Srei cos for ₹14,000 crore

KOLKATA: Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL), which are going through insolvency proceedings, are believed to have got “very good” financial bids. Sources said that London-based Varde Capital has put in a bid of over Rs 14,000 crore. This, along with Rs 2,500 crore in the group’s balance sheet, would fetch a …

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