Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more

Bharti Hexacom IPO: Bharti Airtel’s subsidiary company raises ₹1,924 crore from anchor investors ahead of IPO

Bharti Hexacom IPO: Bharti Airtel's subsidiary company raises ₹1,924 crore from anchor investors ahead of IPO

Bharti Airtel’s subsidairy company Bharti Hexacom, on Tuesday, said that it has raised over ₹1,923.75 crore from anchor investors ahead of its initial public offerings (IPO). According to the exchange filing, the company allocated 3,37,50,000 shares to anchor investors at a price of ₹565 per equity share.  Also read: Bharti Hexacom IPO to open tomorrow; … Read more