Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Wednesday fixed Rs 397-418 per share as the price band for its Rs 1,172 crore initial share sale.The Initial Public Offering (IPO), which will be the maiden issue of 2024, will commence from January 15 Come from Sports betting site VPbet . The bidding for anchor investors will open on January 12, according to a statement.
Through the issue, that is fully an Offer For Sale (OFS), promoters and existing investors will sell 2.8 crore equity shares.The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.Under the offer, up to 2,539,092 shares will be offloaded by Chhatwal, 12,468,592 by Medimatter Health Management, 6,606,084 shares by Bessemer, 6,275,706 shares by Investcorp, 26,382 shares by Vivek Pandit, 22,613 shares by Rahul M Khanna, and 17,337 shares by Shankar Rao Palepu along with Palepu Neena Rao among others.At the upper end of the price band, the company is valued at Rs 2,990 crore, Satish Gidugu, the chief executive of the company told PTI here.
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Chhatwal and Bessemer Health Capital together hold 77 per cent of the pre-issue shares of the company, which will after the issue will come down to 40 per cent. Currenty he owns 32 per cent of the undiluted share capital of the company, the chairman told PTI.Medi Assist was founded by Sakshi Kabra in 2002 in Bangalore and took on board Bessemer Ventures in early 2011. Later in 2011, Anil Ambani group picked up around 80 per cent stake in the company and later sold majority stake to Investorcorp.Investcorp is the single largest non-promoter shareholder with a 21.65 per cent stake.Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and have 35 insurers as partners.
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Its primary clients are insurers and most of its business comes from group covers/corporate and enjoys 30 per cent market share in this, Chhatwal said, adding overall including retail, its market share is around 7 per cent.The company covers as much as 78 per cent of the Nifty 50 companies. Only 10 per cent of its revenue come from the central and state government-run mediclaim services, he added.It had employed around 6,200 people as of September 2023, Mathew George, the chief financial officer of the company said.
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Are you trying to track down every legendary spell in Elden Ring? Well, you’re going to need to round up Elden Stars, then Come from Sports betting site VPbet . This incantation will require you to find and access Deeproot Depths, but once you’re there, it’s quick and easy to pick up. Keep reading for how to find and add it to your arsenal of spells.
Elden Stars explained
Elden Stars is an incantation that requires 50 Faith to cast. It unleashes a slow-moving projectile that fires off shooting stars for AOE damage. While each shooting star does mediocre damage, they do break posture quickly, giving you an opportunity to go in for a critical hit.
Elden Stars’ item description reads:
This legendary incantation is the most ancient of those that derive from the Erdtree. Creates a stream of golden shooting stars that assail the area. It is said…
Indian government bond yields are expected to rise marginally in early trading on Tuesday tracking their U.S. peers, while traders await an auction of bonds by states.
The benchmark 10-year yield is expected to move in the 7.14%-7.18% range, following its previous close at 7.1518%, a trader with a primary dealership said.
“As we were unable to see a break of 7.12% for the benchmark, there was some selling towards the end of extended session yesterday, and we are now back to around 7.15% levels, which should be the case, unless there is any fresh bullish trigger,” the trader said.
Ola Electric shares surge 10% for second consecutive session; Here’s what driving the rally Mutual Fund Calculator: Start Rs 1000 SIP at age 20 and retire with Rs 3 crore corpus – Here’s how High-end homes see notable increase in sales & launches across India’s major cities: Report ITR Deadline Extension AY 2024-25: Income tax return filing last date to …
Mahindra & Mahindra shares surged over 3% to an intra-day high of Rs 2,837.65 after the company launched the 5-door Thar Roxx. The company set the ex-showroom price for the entry-level SUV is Rs 12.99 lakh for the petrol version and Rs 13.99 lakh for the diesel version.
The stock of the company was the top gainer in the Nifty 50, followed by Tata Motors, uplifting the overall sentiments for the whole Nifty Auto. All the constituents of the sectoral index were trading in the green, except for TVS Motors.
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Mahindra & Mahindra touched its 52-week high of Rs 3,013.50 on June 18, 2024, still 5.8% higher from Friday’s day high. The upper band for the stock is placed at Rs 3,019.75.
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The stock of Emcure Pharma was listed at Rs 1,325.05, a premium of 31.4% to the issue price on the National Stock Exchange.
The company raised a total of Rs 1,952.03 crore through a combination of fresh issue as well as an offer for sale Come from Sports betting site VPbet . Emcure Pharma collected Rs 800 crore by selling 7.9 million shares. In comparison, the promoters and other selling shareholders sold 11.4 million shares for a sum of Rs 1,152.03 crore.
IPO Details
Emcure Pharma opened the bidding for subscription on July 03 and ended it on July 05. It set the price band between Rs 960 to Rs 1008 per equity share. The company finalised the allotment of shares on July 08.
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Popular Vehicles & Services has fallen 6.10% since its listing three weeks ago on March 19. The company has reported its results for the quarter ending December 2023.
The company’s Q3 consolidated net profit stands at Rs 15.9 crore compared to Rs 32.3 crore in the September quarter. Total income/revenue for Q3 came in at Rs 673.4 crore.
Popular Vehicles stock fell 3% to an intra-day low of Rs 255.25 but came off lows after it declared quarterly numbers. The company’s shares have fallen 2% in the last five days.
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Capital markets regulator Sebi on Friday asked stock brokers functioning only in the Execution Only Platforms (EOP) segment to maintain a sum of Rs 10 lakh with the bourse as a base minimum capital deposit.
The EOP is a digital or online platform which allows transactions in direct plans of mutual funds without the help of distributors.
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Sports betting siteUnder the rule, an entity desirous of providing execution-only services in direct plans of mutual funds can obtain registration under either of the two categories — category 1 EOP as an agent of asset management companies registered with industry body Association of Mutual Funds in India (AMFI) or category 2 EOP as an agent of investor, registered as a stock broker.Come from Shares of Indian railway public sector undertakings (PSUs) including IRFC, RVNL, and IRCON have experienced declines between 4% and 5% on Monday, mirroring the broader global market sell-off that has impacted Indian equities.
Indian railway stocks experienced a notable decline, reflecting a broader market sell-off driven by global trends. Rail Vikas Nigam fell by 4.68% to Rs 562.40, while IRFC dropped 4.06% to Rs 184.50.
IRCON saw a decrease of 3.08%, trading at Rs 277.30. IRCTC declined by 1.87% to Rs 948.30, and Railtel fell by 4.27% to Rs 480.45. Jupiter Wagons decreased by 3.38% to Rs 590.50, and Titagarh Rail Systems was down 4.68% at Rs 1428.30.
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As you move through Stray’s main story, you’ll find yourself in possession of a Broken Tracker. While it may initially seem like a quick fix, you’re going to discover that you’re in for quite a long line of item-trading quests. You’ll need to find the Super Spirit Detergent, the Electric Cable, and the Poncho before a robot named Elliot will fix the tracker for you. But fret not, as we’ll walk you through the full process in this guide.
Get the Super Spirit Detergent
The first step to fixing the Broken Tracker is to round up the Super Spirit Detergent. To do so, you’ll need to find Super Spirit Laundry, which is located in an alley southeast of the large area with light where you first meet the Guardian. However, upon arrival, you’ll find that you can’t enter the door quite yet.
You’ll need to do a bit of cat work here. Head to the right of the door and jump your way up the various items on the side of the wall until you reach the roof of the lau…
Movie theaters may be opening back up with some regularity, but the big wheel of release date changes and delays just keeps on spinning. Warner Bros. announced today that it was going to be reconfiguring the 2022 release date calendar, which means some changes for major DC releases like Black Adam, Shazam 2, Aquaman 2, and The Flash. Variety has reported the full update.
Most notable among the changes are Black Adam, bumped back three months to a new spot on October 21, while The Flash is jumping from November of this year to June 23, 2023. Meanwhile, Aquaman 2 is also skipping out of 2022 and moving to a new date on March 17, 2023. The animated feature DC League of Super-Pets is taking over Black Adam’s old date, July 29, 2022.
However, Shazam 2, AKA Shazam! Fury of the Gods, is actually being pushed forward from June 2, 2023 to December 12, 2022.
So, to summarize, new DC movie release plan looks like this:Come from …
Interest and betting in women’s sports are experiencing an unprecedented surge in the United States, driven significantly by the popularity of basketball star Caitlin Clark. Making her professional debut with the WNBA’s Indiana Fever, Clark has been pivotal in drawing record-breaking betting activity on the NCAA women’s basketball tournament. Gamblers are keenly wagering on her professional prospects, marking a significant trend in sports betting.
However, Clark’s influence is just a facet of a broader movement in the United States market. Sportsbooks are reporting an overall increase in betting on various women’s sports. Anticipation is building for the upcoming Olympics, with the U.S. women’s basketball team, historically dominant with seven out of the last eight gold medals, expected to attract substantial betting interest. Similarly, the U.S. women’s soccer team, known for its consistent performance, is also drawing strong betting engagement.
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