Explained: Why Adani Group called off flagship company’s FPO

Adani Group called off the Rs 20,000 crore follow-on public offering (FPO) of its flagship firm on Wednesday, just a day after it was fully subscribed. It came as a surprise to the stock market and the investor community as such moves are rarely seen. The Gautam Adani-owned conglomerate came out with a statement,…

MapMyIndia IPO: Should you subscribe?

The initial public offering of MapMyIndia opened for subscription on Thursday and individuals will be able to subscribe to the issue for three days till December 13. MapmyIndia, owned by CE Info Systems, is a leading provider of advanced digital maps, geospatial software and location-based IoT technologies in India.…