Biocon Ltd expects its overall revenue to grow in mid-teens this financial year, and the company is betting on a robust launch pipeline in its generics as well as biosimilars businesses to drive sales in the coming years, its chief executive and managing director Siddharth Mittal said on Tuesday. The Bengaluru-based company expects mid-to-high teens…
The government is looking to sell stakes in Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and UCO Bank to comply with the Securities and Exchange Board of India’s rule mandating a minimum 25% public shareholding for all listed companies. Qualified institutional placements enable publicly traded companies to raise…
They adopted a two-pronged approach: booking profit in the secondary market while placing bets in the equity capital market (ECM) by way of initial public offerings (IPOs), follow-on offerings (FPOs), and qualified institutional placements (QIPs). Though FIIs were net sellers in the secondary market, they contributed to approximately 47% of anchor allocations in IPOs in…
