Brookfield-Backed Leela Luxury Hotels to Begin Trading in India
The operator of the Leela luxury hotels will begin trading in Mumbai on Monday after completing India's second-largest initial public offering this year.
Schloss Bangalore Ltd., which is owned by Brookfield Asset Management Ltd., sold its shares at 435 rupees apiece, the top end of their marketed range. The IPO raised 35 billion rupees ($409 million), second only to Hexaware Technologies Ltd.'s billion-dollar deal this year in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor Co. and Kia Corp. sold about 136 million shares in Ola Electric Mobility Ltd. on Tuesday, just days after the Indian e-scooter firm posted quarterly losses that had more than doubled. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share, according to bulk deals data from the NSE website. Citigroup Global Markets Mauritius Pvt. bought 86.15 million shares, the data show.
Yahoo
2 hours ago
- Yahoo
Aeries Technology enters partnership with Fortra
Aeries Technology (AERT) announced a strategic partnership with Fortra. This collaboration is aimed at establishing GCCs for Fortra in both India and Mexico, to expand their existing India-based workforce and add a nearshore hub. Aeries will leverage its expertise to deliver purpose-built solutions through these GCCs, focusing on enhancing core business functions. The GCCs will enable Fortra to further access a skilled and diverse talent pool, ensure cost efficiency, and scale operations, aligning strategically with their business objectives. These facilities will serve as a hub for fostering innovation, optimizing operational efficiency, and accelerating digital transformation initiatives. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on AERT: Disclaimer & DisclosureReport an Issue Aeries Technology Updates Executive Employment Agreements Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 hours ago
- Bloomberg
The Global Struggle to Build Safer Cars
Every year, motor vehicle crashes claim more than a million lives around the world, including more than 40,000 in the US, where per capita death rates are more than double peer countries like Canada, Japan and France. That toll is partly a reflection of the way automobiles are designed, since their weight, shape and safety technologies help determine whether a collision becomes a fender bender or a fatality. The sheer number of annual road fatalities worldwide — which has been relatively consistent for 25 years — has partially obscured a safety success story: In emerging markets like India, Latin America and Africa, vehicles sold today are notably less deadly than their predecessors. A growing number of countries now require features like airbags and impact-absorbing crumple zones on all new cars, and impartial crash tests allow global consumers to compare the safety of various models.
