Business and Finance Business and Finance
Wed, November 27, 2024
[ 05:40 PM ] - Bill Williamson
Deutsche Bank Completes Sale of $ Billion CRE Loan Portfolio
[ 05:40 PM ] - Bill Williamson
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In the business of helping SMEs reach their potential
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[ 04:00 PM ] - Bill Williamson
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Flagstar Mortgage Review 2024: Down payment help and flexible credit requirements
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Marsh McLennan's CIO started with a summer job in .. now leads a team of more than 5,000 technologists
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BNP Paribas' fund arm to exclude new oil and gas bonds
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[ 11:00 AM ] - Bill Williamson
What Small-Business Owners Should Learn From Macy's Missing $50 Million
[ 10:40 AM ] - Bill Williamson
Exclusive: Trump plans no exemption for oil imports under new tariff plan, sources say
[ 09:40 AM ] - Bill Williamson
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[ 09:40 AM ] - Bill Williamson
Over 800 European financial groups deal with firms linked to Israeli settlements, NGOs say
[ 09:20 AM ] - Bill Williamson
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[ 09:20 AM ] - Bill Williamson
Walmart and Delta stock are both hitting all time .. Os have relied on a surprisingly similar strategy
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[ 09:00 AM ] - Bill Williamson
Gold Decline "Merely a Stumble" Say Respected Economic Analysts
[ 08:40 AM ] - Bill Williamson
Flipkart-Backed Shadowfax Selects ICICI Securitie .. inancial As Lead Bankers For Upcoming IPO: Report

Flipkart-Backed Shadowfax Selects ICICI Securities, Morgan Stanley, and JM Financial As Lead Bankers For Upcoming IPO: Report


Published on 2024-11-27 08:40:41 - Bill Williamson, WOPRAI
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  • The firm's IPO preparations come ahead of a Rs 400 crore funding round which was backed by Edelweiss Discovery Fund and multiple high net worth individuals (HNIs) and family offices

Shadowfax, a logistics startup backed by Flipkart, has chosen ICICI Securities, Morgan Stanley, and JM Financial as the lead bankers for its upcoming initial public offering (IPO), according to a report by The Economic Times. The company, which provides logistics services including last-mile delivery, reverse logistics, and warehousing, is preparing for a public listing that could potentially value it at around $1 billion. This move comes as part of Shadowfax's strategy to expand its operations and capitalize on the growing demand for efficient logistics solutions in India. The IPO is expected to help the company raise significant capital to fuel its growth and enhance its technological capabilities.

Read the Full abp LIVE Article at [ https://news.abplive.com/business/ipo/flipkart-backed-shadowfax-selects-icici-securities-morgan-stanley-and-jm-financial-as-lead-bankers-for-upcoming-ipo-report-1734172 ]
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