In another transaction, Davos International Fund sold 125,438 shares of Kavveri Telecom Products at Rs. 6.25 apiece through a bulk deal on the NSE.
The Rs 800-crore IPO is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.
The total revenue during July-September 2021 increased 12 per cent year-on-year to Rs 2,237 crore as against Rs 2,000 crore in the year-ago period, primarily due to an increase in short-term sales and higher other income.
"Markets had run up so there was a need for a pullback. There are darker clouds on the horizon in terms of inflationary pressure and rate hike environment developing in emerging markets," said Nilesh Shah, MD at Kotak Mahindra Asset Management Co.
The development comes just months after the group inked a strategic partnership with Walmart-owned Flipkart for a logistics hub and a data centre.
Following the success of Zomato’s listings, many of these new-age businesses are readying IPO plans.
The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New York. Other tokens including Binance Coin and Solana rallied. Ether is now worth more than $520 billion, according to data from CoinGecko.com.
Hong Kong-based Chris Wood said that from a macro perspective, India looks to be in a similar condition to where it was in 2003 when the country embarked on the last property and capex cycle.
The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating.
During the quarter, the developer recorded bookings for 4.43 lakh sq ft space taking its total bookings for the half-year ended September to 5.35 lakh sq ft.
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