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Business News

Tata Capital Targets ₹17,000 Cr, OYO Plans $7-8 Bn Listing

Tata Capital is aiming to raise INR 17,000 crore through its upcoming public issue, as per its updated draft red herring prospectus (UDRHP), while hospitality major OYO is expected to file its Draft Red Herring Prospectus (DRHP) in November, with a target valuation of USD 7-8 billion, according to sources cited by PTI.
Business News

Reform Hopes Power IPOs with Market Optimism Around GST Reforms

The Indian IPO market is on an uptick mainly due to positive sentiment, strengthened by expectations of reform announcements ahead of Diwali, reinforcing the ongoing relief rally, with analysts highlighting that the market's gap-up opening earlier in the week signaled strong investor confidence in the uptrend.