Overview
- Major capital raises include Meesho’s approval to raise ₹4,250 crore via its IPO; JM Financial’s Large & Mid Cap Fund NFO open until July 18; GACM’s planned ₹200 crore QIP pending board nod on July 9; Paisalo Digital’s sale of ₹30 crore in 63-day CPs to SBI.
- Hazoor Multi Projects acquired a 51% stake in Vyom Hydrocarbon for ₹1.02 lakh in a move into the oil and gas sector.
- PC Jeweller’s Q1 revenue jumped about 80% year-on-year; the company aims to be debt-free by 2025 after repaying half its bank loans by March.
- Blue Cloud Softech Solutions launched BluHealth Platform v2.0, an AI-powered healthcare solution designed for offline monitoring in remote areas; it complies with international health standards, including HIPAA, GDPR.
- Paras Defence’s 1:2 stock split lifted shares nearly 10%; Trent’s cautious AGM outlook trimmed its share price by over 9%.