Photo: Business Insider
Elon Musk Loses $50 Billion Following Drop In Tesla's Shares
Following the fall of Tesla's shares fell for a second consecutive day, the world's richest man Elon Musk lost $50 billion. The loss is said to be the greatest two-day drop in the Bloomberg Billionaires Index's history. Musk's worth currently stands at $323 billion. The drop was reported after Musk asked his followers on Twitter whether he should ''sell 10% of his stock to pay taxes''.
Tags: Share, Tesla, Richest Man, Bloomberg, Stock market
Courtesy: WION News
Photo: The Sentinel Assam
Nykaa To Launch IPO; Likely To Raise Rs 5,200 Crore
Nykaa, which makes beauty and fashion products, will launch its initial public offer (IPO) on October 28, ending on November 1, according to media reports. The company is excepted to raise Rs 5,200 crore, of which Rs 630 crore will be raised from primary issues. While 43.11 million shares will be available on offer for sale (OFS). Reportedly, the share's price could vary between Rs 1,120 to Rs 1,125.
Tags: Nykaa, IPO, Beauty Product, Anchor Book, Share
Courtesy: Times Now
Photo: Republic World
SEBI Allows MobiKwik To Launch IPO & Raise Rs 1,900 Cr Capital
Securities and Exchange Board of India (SEBI) has reportedly granted its approval to MobiKwik, a mobile wallet, to launch an IPO. Reportedly, the company will raise the capital up to Rs 1,900 core through the IPO of which Rs 1,500 crore would come from new shares and Rs 400 crore from the offer for sale (OFS). The company will use the money to fund its organic and inorganic growth.
Tags: IPO, Mobikwik, SEBI, Share
Courtesy: Mint
