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Paytm declared to cancel 2000 Cr pre-ipo on the valuation of 20 billion.
The Indian digital payments pioneer Paytm is considering scrapping the proposed Rs 2,000 crore share sale ahead of its initial public offering (IPO) over valuation differences, according to people familiar with the development.
The firm had been seeking a valuation of above $20 billion based on initial investor feedback, while advisers on the deal recommended a lower pricing. The company was last valued at $16 billion, according to unicorn tracker CB Insights.
Banks including Morgan Stanley, Goldman Sachs Group Inc., Citigroup Inc. and ICICI Securities Ltd. are running the share sale. Paytm may consider a pre-IPO placement of as much as Rs 2,000 crore, it had said in the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi) on July 16.
IPO-bound Sterlite Power win Rs 324 crore order in north-east
IPO-bound Sterlite Power has announced that it has won the Nangalbibra-Bongaigaon inter-state power transmission project worth Rs 324 crore through tariff-based competitive bidding (TBCB) by virtue of emerging as the L1 bidder. The project will also have about 20 km of 132kV D/c line connecting Hatsinghmari in Assam to Ampati in Meghalaya. The company is focused on integrating renewable energy sources to the transmission grids.
HDFC securities quarterly results | 2021| Planify
HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India.
For the quarter ended September 30,2021, HSL has shown quarter over quarter growth in its Total income and PAT of 42% and 44% respectively.
Signify launches Philips UV-C disinfection box to easily deactivate viruses on personal objects
Signify launches UV-C disinfection portfolio in the United States with a new consumer product. Extends Signify’s UV-C portfolio with its first consumer product in the United States. The disinfection box’s extra layer of UV-C protection switches off the device automatically when the cover is opened
NCL Buildtek Limited Financial Year 2021 Results
NCL Buildtek Limited, formerly known as NCL Alltek & Seccolor Ltd is a part of the NCL Group. The company was started by Mr. Ramachandra Raju in the year 1986. which has 3 decades of experience in providing alternative and innovative building materials. The company operates through 11 manufacturing units located at different states. NCL Buildtek Limited is the sole licensee in India for ICP plasters and successfully completed many prestigious projects.
NCL Buildtek Limited Financial Year 2021 Results:
Cash flow from operations increased from INR10.35 Cr in 2019 to INR 41.52 Cr in 2021 showing a 2-year growth of 100.30%. Total Assets have increased from INR 286.95 Cr in 2019 to INR 350.07 Cr in 2021 showing a 2-year growth of 10.45%.