Creovate Innovation was incorporated in March 2025 by Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan
Bansal bought a total of 42.7 million shares in Lenskart at a valuation of $1 billion, a steep discount from the $9-10 billion valuation the company is aiming for during its IPO.
Merchant bankers and lawyers who are active in the primary market say that heightened focus on disclosures by the regulator and bourses have ensured that entities that either have a controlling stake or have sufficient influence in terms of control – direct or indirect – are included in the list of promoters.
In the last 12 months, the BSE Midcap index and BSE Smallcap index have gone up by 64.5 percent and 60.5 percent, respectively, compared to the 21.6 percent rise in the Sensex.
Company managements should do a better job in managing investor expectations, while analysts would do well to dig deeper into the performance of companies, so that unpleasant earnings surprises are reduced
SpiceJet will issue convertible warrants to 64 allottees, including Prabhudas Lilladher Advisory Services, LKP Finance, Martina Developers, and Fincon, at Rs 50 apiece. This is 18.4% lower than the airline's stock price of Rs 61.3 when markets closed on December 11
The floor price of the deal is expected to be around Rs 4600 a piece which is a 7 percent discount to the stock's closing price on September 25 on the NSE