offer for sale

Digital entertainment startup Kuku Technologies has confidentially filed for an IPO, aiming to raise up to Rs 3,500 crore. The company is targeting a valuation of up to Rs 15,000 crore and plans to list later this fiscal year. This move signals significant growth aspirations for the digital entertainment sector.

Digital entertainment startup Kuku Technologies has confidentially filed for an IPO, aiming to raise up to Rs 3,500 crore and targeting a valuation of Rs 15,000 crore. The company, known for its Kuku TV microdrama platform, has seen significant growth with over 200 million downloads and a surge in revenue, positioning itself for a potential listing later this fiscal year.

Foreign firms are increasingly cashing out of India's booming IPO market, pocketing billions instead of raising capital for expansion. Recent listings, including major players like Hyundai and LG, saw over $5 billion flow overseas. This trend, driven by high valuations, raises concerns about capital outflows and the rupee's stability, with policymakers questioning IPOs as exit routes.

An accidental discovery in a 1932 lab revealed molten glass could form hair-thin filaments. Engineers then painstakingly developed methods to reliably produce these fibers, leading to the creation of commercial fiberglass by 1936. This innovation, born from an error and refined through patient engineering, transformed glass into a versatile material used in countless products today.

Institutional investors showed strong interest in Coal India's offer for sale on Wednesday. They placed bids worth approximately Rs 19,000 crore. This demand significantly exceeded the portion reserved for them. The government is selling up to a 2 percent stake in the company. Retail investors can bid on May 29.

The government plans to raise approximately Rs 5,000 crore by selling up to a 2% stake in Coal India through an offer for sale (OFS). The floor price is set at Rs 412 per share, nearly 10% below the current market price. This move follows a successful OFS in Central Bank of India.

IPO-bound Hero FinCorp is strategically leveraging AI for future growth, alongside focusing on 'Aspiring India' households and asset inclusion. The NBFC aims to raise approximately Rs 3,700 crore through its public offering. The company is utilizing AI for a real-time predictive risk intelligence system and to enhance customer service, demonstrating a significant evolution from its initial two-wheeler financing.

NSE's initial public offer received a significant boost as a majority of its shareholders agreed to divest their holdings for the offer for sale. The aggregate offering of shares has now surpassed the 4% limit of the exchange's total equity capital, paving the way for the IPO which could be valued at Rs 23,000 crore.

The Delhi High Court has issued a John Doe order to remove deepfake content infringing on Youtuber Bhuvan Bam's rights. This follows an earlier order protecting his personality rights. The court directed platforms like YouTube, Flipkart, Spotify, and Meta to take down unauthorized content and merchandise. This action aims to prevent irreparable harm to Bam and the public.

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.