Adani Wilmar IPO Subscription Status: Day 3 Live Updates

Adani Wilmar IPO Subscription: Retail and non-institutional investors continue to pile into the initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, on the third day.

The IPO was subscribed 1.13 times on the second day and 57% on day one.

Subscription Details: Day 3

The IPO was subscribed 2.22 times as of noon on Jan. 31.

  • Institutional investors: 1.84 times.
  • Non-institutional investors: 2.78 times.
  • Retail investors: 2.78 times.
  • Employees: 0.34 times.
  • Shareholders: 1.06 times.

Bharti Airtel Acquires 25% Equity Stake In Bengaluru-Based Technology Startup, Lavelle Networks

  • Lavelle Networks specialises in software-defined wide area network solutions
  • Acquisition is likely to boost Airtel Business’ Network-as-a-Service (NaaS) portfolio.

Source: Exchange Filing

Finance Minister Nirmala Sitharaman Tables Economic Survey In Parliament

  • India has fiscal space to ramp up capex: Economic Survey
  • India sees 8-8.5% GDP growth in FY23: Economic Survey

Source: Bloomberg

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