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This is largely on account of non-cash ESOP expenses which have increased meaningfully in Q1 FY22 "due to significant ESOP grants made in the quarter pursuant to creation of a new ESOP 2021 scheme".
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According to the ‘Indian Tech Startup Funding Report, H1 2021' by Inc42, the capital inflow in Indian startups is likely to reach somewhere between $19 billion and $23 billion at the end of the year.
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The company plans to raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale
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The country's largest power producer is also aiming a 10 per cent reduction in net energy intensity by 2032.
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Around 16.66 per cent of the anchor investor portion was allocated to SBI Mutual Fund, DSP Mutual Fund, Aditya Birla Mutual Fund and White Oak Capital Partners each.
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The company also has recently forayed into e-commerce with ‘Bharat Bazar’ as its brand name.
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Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday
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The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.
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The IPO offer comprises a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares by promoters and investors.
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Proceeds from the fresh issue will be used to repay debt of the company and its subsidiaries.
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According to a TechCrunch report, Delhivery disclosed the finding in its latest regulatory filing that has been led by US-headquartered investment firm Fidelity.
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The Noida-based firm, which had an astonishing rise after demonetisation in 2016, is betting on financial services, commerce and payments as three key focus areas.
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Proceeds will be mainly used to repay dues amid the aviation industry facing strong headwinds
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In a draft red herring prospectus (DRHP) filed with the market regulator, Zomato said it aims to raise Rs 8,250 crore in capital by offering the company's equity shares for sale.
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"This is incorrect. Wouldn't typically comment on speculation, but had to in order to stop the barrage of phone calls from the press and friends/family. Back to work," he tweeted.
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Reports surfaced last month that in a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion.
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On the long-term growth story of India, he said the economy is expected to record double digit growth next financial year.
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According to merchant banking sources, the IPO is expected to fetch Rs 700 crore.
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The new valuation marks an increase from $3.9 billion valuation of Zomato in December.
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The shares were set to trade on the Nasdaq Global Select Market on Thursday under the symbol "BMBL".