Delhivery gets SEBI nod to raise Rs7,460 cr via IPO

NEW DELHI: Supply chain company Delhivery has received SEBI’s approval to raise Rs 7,460 crore through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus (DRHP). PTI

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NEW DELHI

Tata Motors hikes prices of passenger vehicles

Tata Motors on Tuesday said it will increase prices of its passenger vehicles by an average of 0.9% with effect from January 19, in order to partially offset the impact of rise in input costs. The Mumbai-based automaker sells various models like Tiago, Punch and Harrier, in the domestic market. PTI

NEW DELHI

Nazara acquires majority stake in Datawrkz

Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55% stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore, linked to CY 22 EBITDA performance, a filing said. pti

MUMBAI

Sidbi sanctions Rs650 cr to two SFBs for onlending

Sidbi on Tuesday said it has sanctioned financial assistance of Rs 650 crore to AU Small Finance Bank and Jana Small Finance Bank so as to reach out to small-sized NBFCs/MFIs who will in turn provide funding to small businesses and micro entrepreneurs.