ReNew Energy Global is planning a significant offshore fundraising of approximately $500 million through dollar-denominated bonds issued via GIFT City. The funds will be utilized for on-lending within the ReNew Group, debt repayment, and other permitted corporate activities. Several major international banks are involved as joint global coordinators and bookrunners for this transaction.
Shadowfax Technologies is set to raise 1,000 crore through a fresh issue and 907.3 crore via an offer for sale in its upcoming IPO. The e-commerce logistics firm has seen significant market share growth and improved profitability, though revenue concentration with one client remains a concern.
The Securities and Exchange Board of India (Sebi) is proposing to scrutinize market indices heavily used by mutual funds, particularly those with over 20,000 crore in assets. A new framework will identify 'significant indices,' requiring their providers to register with Sebi. This move aims to enhance investor protection by bringing key benchmarks under regulatory oversight.
Wipro shares plummeted over 8% on Monday following a disappointing fourth-quarter growth outlook provided by the IT services firm. The company reported revenue of 23,556 crore for the quarter ended December 31, with modest sequential and year-on-year increases. Analysts expressed concern over the management's guidance, leading to a significant drop in the stock price.
Reliance Industries shares saw a significant drop on Monday. This decline followed the company's third-quarter results. Analysts point to slower growth across its business segments. Investors are advised to observe further developments. The stock has experienced a notable fall in the past month. Technical indicators suggest continued weakness. A cautious approach is recommended for retail investors.
