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FINDING RESPITE IN LUXURY WHILE AT HOME

23 December 2021, Mumbai:

THE NEW CONSUMERS OF LUXURY. THERE ARE NO FINER THINGS THAN THOSE BEARING PRESTIGE, PURPOSE, AND PERSONALITY EXPERTS SHARE WHAT BUYERS EXPECT TODAY-FROM VIRTUAL EXPERIENCES TO HAVE A POSITIVE SOCIAL AND ENVIRONMENTAL IMPACT

SOURCE: TOI
Celebrate in Style; Luxury Edition, Dt 23-12-2021 

(The news article has not been edited by DFU Publications staff)

 

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FINDING RESPITE IN LUXURY WHILE AT HOME

Good Glamm acquires Majority Stake in 'Sirona'

21 December 2021, Mumbai:

All-cash deal for a stake worth 100 crores.

Online beauty and personal care startup, DARPAN SANGHVI, CEO, The Good Glamm Group, which owns the MyGlamm brand, has acquired an undisclosed majority stake in feminine hygiene startup Sirona in an all-cash deal worth 100 crores.

Over the next 3 years, Good Glamm will complete the purchase of further stake to gain 100% control over the entity.

SOURCE: ET DT 21-12-2021  

(The news article has not been edited by DFU Publications staff)

 

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Good Glamm acquires Majority Stake in 'Sirona'

Metro Brands' IPO sail through with 3.6x bids

14 December 2021, Mumbai:

The 1,368 crore-initial public offer of footwear retailer Metro Brands was subscribed over 3.6 times on Tuesday - the final day of the offering - thanks to interest from institutional and rich investors.

The issue got bids for 6.96 crore shares against the 1.91 crore shares on offer.

The qualified institutional buyers (QIB) category was subscribed 8.49 times, while non-institutional investors, including high networth individuals (HNIs) bid for 3.02 times the shares set aside for them. The retail investor category was subscribed 1.13 times.

The company, in which investor Rakesh Jhunjhunwala holds a stake, sold shares in the range of ₹485-500 apiece in the IPO.

Last week, Metro raised ₹410.25 crore by allotting 82.05 lakh shares to 28 anchor investors ahead of the public issue. The investors included Goldman Sachs, Abu Dhabi Investments, Pinebridge, Society Generale, SBI Life, HDFC Life, and 11 domestic mutual funds such as Aditya Birla, Tata, HDFC, ICICI Prudential and Kotak among others.

ET (The news article has not been edited by DFU Publications staff)

 

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Metro Brands' IPO sail through with 3.6x bids

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