Who was Vijaypat Singhania?
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Mukesh Ambani’s mega IPO Reliance Jio is said to set bank fees in line with NSE
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Reliance Industries Ltd. has set investment banking advisory fees for the planned initial public offering of its telecom unit at about 0.65% of the issue size, according to people familiar with the matter, largely in line with those to be paid by National Stock Exchange of India Ltd.Based on a potential offering size of up to $4 billion for Jio Platforms Ltd., the total fee pool may be as high as $26 million, with the bulk likely to be shared among lead banks such as Kotak Mahindra Capital Co. and Morgan Stanley, the people said, asking not to be identified because the information is private.The fee distribution may ultimately depend on the client coverage from the banks and the company’s own discretion, two of the people said.A representative for Reliance didn’t immediately respond to requests for comment.Jio’s IPO could be India’s largest-ever listing and the first by a major unit of billionaire Mukesh Ambani’s flagship company, Reliance, in almost two decades.Jio’s banking fees are ...
IPL: Google, BCCI partner to bring AI-driven insights
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More IPL teams may bat for stake sale
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Mumbai: The sharp re-rating of Indian Premier League (IPL) franchise valuations following recent transactions in Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR) is expected to prompt some team owners to explore stake dilution, even as near-term upside at current levels appears limited.Industry executives and analysts said the latest deals have pegged franchise valuations in the $1.6-1.8 billion range, marking a sharp jump from the roughly $900 million benchmark seen in earlier transactions such as Torrent Group's acquisition of a majority stake in Gujarat Titans.This repricing is likely to strengthen the IPL's positioning as a global sports asset class while also nudging existing owners to evaluate partial monetisation opportunities.According to people familiar with the situation, there are early indications that a couple of franchise owners could be informally assessing options around their holdings, potentially influenced by internal shareholder dynamics in one in...