Hero Future Energies (HFE), part of the Hero Group, is gearing up for a ₹3,500 crore initial public offering (IPO) to raise capital from public investors. The company is currently in discussions with potential underwriters, and four investment banks are expected to manage the offering. Legal counsel for the IPO is likely to be provided […]
Why Hasn’t MRF Split Its Stock Like Nestle India? A Deep Dive
On January 5, 2024, Nestle India announced a stock split in the ratio of 1:10. This meant that each share, previously priced at an astonishing ₹27,000, was converted into ten shares of ₹2,700 each. As a result, Nestle’s stock became more accessible to retail investors, increasing liquidity and potentially making the stock more attractive to […]