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SECONDARY DEALS
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...
- ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block dealAbu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows So...
- ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exitAbu Dhabi Investment Authority (ADIA) is set to divest up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 cror...
- OpenAI joins rival Anthropic in race to Wall StreetOpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because ther...
- Mygate closes Rs 225 crore deal with Dharana CapitalHousing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes pri...
- CMR Green Tech shares fall 8% after solid 43% stock market debut. Buy, sell or hold?CMR Green Technologies shares fell sharply from their post-listing highs after debuting at a 43% premium to the IPO price. While analysts r...
- Where Zepto stands in q-comm; H-1B relief kicks inHappy Wednesday! Zepto's IPO filing reveals where it really stands against Blinkit and Instamart. This and more in today’s ETtech Morning D...
- A $6 billion share sale wave in India signals deals perking upIndia's equity markets are poised for a busy period with over $6.3 billion in offerings expected in two months. This surge follows a subdue...
- OpenAI files for US IPO after Anthropic as AI giants head to public marketsAI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors ar...
- Court of Arbitration ruling on Indus Waters Treaty deepens Indo-Pak riftA Hague court ruling has intensified the Indus Waters Treaty dispute between India and Pakistan. The decision restricts India's water stora...
- SpaceX IPO gets Cryptocurrency touch. Here's howSpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is...
- 12 Gir lions recover from infection, return to the jungleEleven Asiatic lions have died in Gir National Park. A tick-borne parasitic infestation, babesiosis, is suspected as the main cause. Forest...
- Musk's SpaceX IPO jolts life back into European retail investingEuropean retail investors are eagerly eyeing the SpaceX IPO, with an unusually large allocation planned across several countries. While pla...
- Revolut weighs secondary share sale at $115 billion valuationAny such deal would allow early investors and employees to sell shares and generate liquidity, said the people, who asked not to be identif...
- Quote of the day by Seamus Heaney: 'Your temperament is what you write with, but it's also how you...' - inspiring lessons on temperament, character, self-awareness, creativity and how to handle lifeâs challenges by Nobel Prize-winning poet of Death of a NaturalistQuote of the day by Seamus Heaney: Poet Seamus Heaney's words reveal a profound truth. Heaney states temperament is the tool for writing an...
- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- Trumpâs Iran gamble gets riskier as a new player enters the roomPresident Trump intervened personally in the Israel-Hezbollah conflict, halting Israeli strikes on Beirut to preserve Iran nuclear talks. T...
- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- OPL in talks to sell stake to AvenuesAI, eyes AI-powered credit revolutionOnline PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% ...
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