Topic
share-sale
Finance Government mops up Rs 31,552 crore from LIC share sale via OFS
The government raised Rs 31,552 crore by selling a 6.5% stake in LIC through an offer for sale, the biggest public offer in Indian stock market history. Shares were allotted at Rs 383.69, above the base price of Rs 382, with demand for 111.3 crore shares against 82.2 crore on offer. LIC's public shareholding now stands at 10%, meeting Sebi's minimum public shareholding norm ahead of schedule.
SK Hynix raises $26.5bn in record US share sale, tapping AI chip demand
SK Hynix raised $26.5bn in a New York share offering, the largest ever by a foreign firm in the US. The South Korean chipmaker, a key Nvidia supplier, sold 177.9 million American depositary shares at $149 each, with demand reportedly over seven times the available shares. The listing gives US investors direct access to the AI chip boom without trading overseas.
Technology Taiwan's Unimicron targets $1.4 billion in global share sale at discounted price amid AI-driven chip demand
Taiwanese PCB substrate maker Unimicron is targeting $1.4 billion in a global share sale at a discounted price, driven by surging AI chip demand. The offering aims to capitalize on market momentum in the semiconductor supply chain.
Finance Sebi Clears SBI Mutual Fund IPO; ₹13,000 Crore Share Sale Expected Next Month
According to a Business Today report, the Securities and Exchange Board of India (Sebi) has cleared the initial public offering (IPO) of SBI Mutual Fund. The ₹13,000 crore share sale is likely to be launched next month, marking a significant milestone for the mutual fund industry.
Business Brookfield, BCI, GIC sell 7.3% unitholding in Altius InvIT for ₹3,656 crore
Brookfield, BCI and GIC sold a combined 7.3% unitholding in Altius Telecom Infrastructure Trust for ₹3,656 crore through open market transactions. Infrastructure major Larsen & Toubro acquired a 1.25% stake. The transaction reflects ongoing portfolio rebalancing by large institutional investors in India's telecom infrastructure sector.
Business SpaceX IPO: Elon Musk on Track to Become World's First Trillionaire
SpaceX is set to debut on Wall Street on Friday in what is expected to be the largest IPO in history. The company aims to raise $75bn at a valuation of $1.77 trillion. If the listing succeeds, Elon Musk's combined holdings in SpaceX and Tesla alone would be worth over $1 trillion, potentially making him the world's first trillionaire.