What is 'FPO'

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• BL Agro invests Rs 500 crores in Leads Connect's agri-tech for farmersFull-stack agri-tech firm Leads Connect has raised Rs 500 crores from FMCG company BL Agro Industries to enhance its agro-tech stack and provide more value to farmers. The funding will be spread over three years, resulting in a controlling stake for BL Agro. Leads Connect specialises in farm analytics and advisory, and will use the funding to improve technology, expand its reach among farmers, and establish AGRANI Centres in various cities. The company aims to enhance its AGRANI platform, which offers agri-fintech services, through further development of its Khet Se Kitchen Tak initiative.
• Need to boost crop productivity with new technologies: India's G20 Sherpa Amitabh KantDigitisation of agriculture, the technological transformation and innovation in the farm sector has been the central priority pushed in the Indian presidency in the GCO this year.
• Happy Forgings files draft papers for IPO with Sebi, to raise Rs 500 crore via fresh issuePromoter Paritosh Kumar Garg (HUF), and India Business Excellence Fund – III will cumulatively sell 8,054,910 shares in the offer for sale. Currently, promoter and group entities cumulatively hold 88.24% stake in the company. India Business Excellence Fund owns 11.76% stake
• Aeroflex Industries IPO to open on August 22. Here are 10 things to know about the offerThe IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter.
• TVS Supply Chain Solutions IPO: What GMP signals ahead of subscription on Thursday?Investors can bid for 76 shares in one lot and in multiples thereafter. About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors
• Indegene gets Sebi nod to float IPOThe IPO of Indegene consists of a fresh issue of equity shares worth up to Rs 950 crore and offer for sale of up to 3.63 crore equity shares by existing investors, according to the Draft Red Herring Prospectus
• Concord Biotech IPO: GMP indicates strong investors' interest ahead of issue openingAhead of the issue opening, the company's shares commanded a premium of Rs Rs 325 in the unlisted market
• Adani addresses Hindenburg allegations head-on at AGM, says vested interests wrote report to hurt the companyAt Adani Enterprises' AGM on Tuesday, billionaire Gautam Adani extolled growth prospects for India and his business empire, slamming a damaging US-based short seller Hindenburg Research's attack against his embattled conglomerate earlier this year. The tycoon rattled off ambitious expansion targets across his ports, energy and infrastructure businesses, while sending a clear message to shareholders: ignore the criticism
• ESAF SFB files papers with Sebi for IPOThe bank has scaled down its IPO size by about a third from what was planned before Covid. This is the third time it is seeking Sebi's approval for an IPO.Initially, it had received Sebi approval in March 2020 -- just before the pandemic struck -- to raise Rs 976 crore including Rs 800 crore via primary issuance
• Adani Group confident of its governance and disclosure standards: Gautam AdaniIn his address to shareholders in the the FY23 integrated annual report of Adani Total Gas Ltd, Gautam Adani said the Group remains confident of its governance and disclosure standards. Subsequently, despite a fully subscribed FPO, Adani Group decided to withdraw and return the money to investors to protect their interests.