Park Medi World plans a 770 crore IPO to repay debt and fund expansion, with its promoter stake to decrease. Despite a marginal dip in margins and average length of stay, the hospital chain maintains profitability above peers. However, geographic concentration and lower average revenue per occupied bed present potential risks for investors.
The Securities & Exchange Board of India (Sebi) has been empowered by the government to order social media platforms to remove unlawful stock-related content. This directive, issued by the finance ministry, aims to combat misleading information spread by financial influencers and other entities. The move addresses the growing concern over content scrutiny as millions invest in the stock market.
Amit Rathi divested shares of Anand Rathi Wealth valued at Rs 560 crore through a bulk deal on NSE. He sold 20 lakh shares at Rs 2,800.03 each, reducing his stake by 2.4%. The company's shares saw a marginal increase of 0.6% on Tuesday.
The Securities and Exchange Board of India (Sebi) has given the green light for IPOs from Molbio Diagnostics, LEAP India, Foodlink F&B Holdings, Technocraft Ventures, and Eldorado Agritech. These companies are set to raise significant funds through fresh issues and offer for sale components. However, Inox Clean Energy and Sky Alloys and Power have withdrawn their IPO plans.
Foreign investors injected significant capital into India's energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month and October. While telecom saw substantial inflows, the oil and gas sector also attracted considerable investment. Conversely, FMCG and automobile sectors experienced outflows as investors booked profits and re-evaluated high valuations.
After a group of homeowners filed suit claiming Cook County's tax sale process robbed them of home equity, a federal judge has ruled the current system unconstitutional.
