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Important news, must-read stories on BQ Prime on Wednesday.
Prosus said as of September 2022, it no longer exerts significant influence on Byju's.
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The promoter will sell an additional 80 lakh shares, or 1.7% stake, if the offer for sale is oversubscribed.
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Adani now ranks 19 on the Bloomberg Billionaires Index, with a net worth of $66.7 billion as on Nov. 29.
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JPMorgan has maintained its 'overweight' rating on the stock, with a price target of Rs 2,810 per share.
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The lending rates on personal loans are likely to rise by 50–100 basis points across the system, bankers say.
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The acquisition pushes UltraTech's capacity in India to 133 MTPA, it said.
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The company will issue 3.5 crore warrants, where each warrant is convertible into one equity share at an issue price of Rs 155.
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