Temasek
7 Companies Including Meesho and Shiprocket Secure Sebi Approval for Rs 7,700 Crore IPOs
Nov 03, 2025 08:13 pm CST
Seven companies, led by e-commerce giants Meesho and Shiprocket, have received regulatory approval from Sebi to raise approximately Rs 7,700 crore through initial public offerings. This development comes amid India's booming primary market activity in 2025, with Meesho planning to raise Rs 4,250 crore and Shiprocket targeting Rs 2,000-2,500 crore. Other approved companies include German Green Steel and Power, Allied Engineering Works, Skyways Air Services, Rajputana Stainless, and Manika Plastech.
Grindr Explores Private Acquisition Deal as Shares Recover Amid Financial Pressure
Oct 14, 2025 09:22 am CST
Grindr's major shareholders are in talks to take the dating app private at a potential valuation of $3 billion after share price declines created financial pressure. Following the report, Grindr shares jumped 10%, though they remain down 26% year-to-date as controlling owners explore financing options with Fortress Investment Group.