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The National Stock Exchange has invited 15 investment bankers to pitch for managing its upcoming IPO, with JPMorgan Chase and Kotak Mahindra Capital among those in contention. The exchange is expected to file its draft red herring prospectus in April, with existing shareholders likely to offload 4-4.5% of equity. This move follows SEBI's no-objection certificate, ending a decade-long regulatory hurdle.
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News and Media
Capillary Technologies India's stock has fallen 35% from its peak due to AI threats and a muted December quarter. The company, which offers a SaaS platform for customer engagement, faces potential revenue and profit contraction. Despite management's optimism about AI's role in analytics and campaign management, investors are concerned about its impact on the business model.
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News and Media
Motilal Oswal Alternates has achieved the first close of its maiden private credit fund, India Credit Excellence Fund-I, at 1,700 crore. The fund aims for a 3,000 crore corpus and will provide secured lending and customized solutions to profitable, growing mid-market businesses. This strategic move leverages the firm's existing capabilities to tap into a rapidly expanding private credit market.
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News and Media
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