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The grey market premium - the price over the IPO price in the unofficial market that investors pay for the shares before listing - for Hyundai was at 30 on Monday evening or 1.5% above the upper end of the issue price band of 1,865 to 1,960. The 27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at 370 on October 4.
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News and Media
Noel Tatas appointment as chairman of Tata Trusts is likely to ease tensions with Shapoorji Pallonji Group. This could allow SP Group to consider partial monetisation of its 18.4% stake in Tata Sons. Improved relations may help reduce SP Group's debt through asset divestment and other financial strategies, benefiting both sides.
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News and Media
Eighty-two new cannabis stores opened in Illinois in the past fiscal year, marking explosive growth in sales outlets for an industry that surpassed $2 billion in sales, the state reported. State regulators boasted in the 2024 annual report that social equity marijuana business owners, those who come from poor areas or who were most impacted by the war on drugs, now own nearly half of the 220 dispensaries statewide. But social equity owners say they remain largely on the fringe of the industry, because the state favors previously existing big businesses. A state disparity report showed social equity businesses collected only 12% […]
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