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Intel shares jumped about 5% in late trading after the announcement. They had closed at $23.66 in New York after a year-to-date gain of 18%.
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Moneycontrol was first to report on July 9 about Bansal’s plans to borrow around Rs 200 crore and fund this share purchase at a valuation of $1 billion, 90% lower than the $10 billion price tag it is aiming for during its IPO later this year
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The company clocked a robust 33% Revenue CAGR over last 2 years, reaching Rs 6,524 Cr in FY25 with 60% contribution from India and the remaining from international markets. Lenskart has a high gross margin of 69% with around 500 bps expansion over last two years, the DRHP showed.
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The IPO will comprise of fresh issuance of shares worth Rs 2,150 crore, and an offer-for-sale of 13.2 crore equity shares by existing shareholders.
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The appointment of two entrepreneurs to the board is aimed at strengthening Lenskart's governance ahead of its public listing
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Swiggy has also appointed Faraz Khalid, CEO of Noon, as an independent director on its Board.
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Only a small portion of deals face such follow-up requests. In some instances investigations can last for a year or more and are a precursor to a lawsuit to block the deal
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Son said he plans to hold SoftBank’s reins another ten years, but added he has several candidates for its next chief in mind from within the technology group
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The 67-year-old has several candidates in mind, but won’t make an announcement until the last minute, Son said during a general shareholders’ meeting in Tokyo on Friday.
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Son has discussed the plan with US Treasury Secretary Scott Bessent, although it hasn’t been formally proposed, the report said
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For now, SoftBank’s green light keeps OpenAI’s ambitious funding and governance plans alive. But until Microsoft weighs in, it still remains unclear how OpenAI will restructure.
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For FY25, Softbank's Vision Fund 2 posted a loss of $3.4 billion, hit by markdowns in holdings suchs as Swiggy, Ola, AutoStore and Symbotic
Public portfolio value down 21.7% QoQ in Q4 for SVF2.
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SoftBank does not favor Oyo's plan to list in October and has pressed the company to hold off on a public offering until its earnings are stronger, people familiar with the matter told Bloomberg News, asking not to be identified as the information is private
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Ampere is one of a group of companies that tried to use Arm technology, which dominates in mobile phones, to create a niche in the lucrative data center chip business
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Corporate pledges have become a Trump tradition. Around the start of Trump’s first term eight years ago, the Japanese investment giant SoftBank Group Corp. made a staggering commitment to invest $50 billion in the US that, it said, would create 50,000 jobs.
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The company’s Vision Fund investments clocked a loss of 352.75 billion yen ($ 2.29 billion) for the quarter ended Dec 31, ending a run of two consecutive quarters in the black.
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The Japanese company is discussing a deal that could value the Oracle Corp.-backed chip designer at about $6.5 billion, including debt, according to the people.
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the Japanese conglomerate already has a significant exposure to the AI sector through its ownership of British chip designer Arm Holdings and had previously hinted at developing its own generative AI technology
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Juspay, founded by Vimal Kumar and Sheetal Lalwani in 2012, is the leading provider of payment orchestration software.
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Trump has said OpenAI, SoftBank and Oracle are planning a joint venture called Stargate, which will build data centres and create more than 1 lakh jobs in the US
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Trump has in the past announced deals with much fanfare, but they have sometimes failed to deliver on promised investments.
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The sale is in line with Paytm’s strategy to divest non-core assets and strengthen its capital base as it focuses on scaling its core payments business following a challenging year
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The meeting was all about AI, more AI and most AI. Masa also indicated that he will invest more in India in the coming years than all previous years combined, a founder who had lunch with him told Moneycontrol.
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Citigroup and Bank of America have also been given the mandate to manage the stock offering which the company aims to launch late next year, said Chief Financial Officer Bhavesh Keswani.
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A decade ago, Son told Jensen that while the market may not fully grasp Nvidia’s value at the time, the company’s future was incredible.
