Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Rentomojo set to go public at Rs 4,246 crore valuation, set to raise Rs 1,256 crore via IPO

In its ambitious IPO initiative, Rentomojo targets a valuation of ₹4,246 crore, while securing ₹150 crore in fresh funding. Additionally, existing investors plan to divest shares valued at ₹1,106 crore through an offer for sale. Impressively, the startup reported a 142% jump in net profit, which reached ₹104.3 crore in FY26. Mark your calendars, as the IPO launches on September 9.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

More in Finance & Markets

Why are European countries moving their gold out of North America?

When the central bank of the Netherlands confirmed this week that it had moved tonnes of the country’s gold out of North America, it said the relocation would make it “better prepared for severe…

  • European banks moving gold from North America to Europe.
  • Dutch bank transferred 86 tonnes to London for crisis access.
  • France and Germany also relocating gold holdings.

More from Saturday 5 September →