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Tesco’s slow retreat from Europe is depressing

Working with Tesco can be both a blessing and a curse, a relative of mine, who used to work in wine sales in Australia, recently told me. Some winemakers who struck deals with the British supermarket, one of the world’s biggest purchasers of wine, would quickly be rolling in cash, such were the size and [...]

NSE debut may not set street on fire, sparks to come later

NSE is set to debut on the stock market amid market expectations of moderate gains. Traders quote a grey market premium of around ₹83 per share, down significantly from earlier estimates. The IPO was subscribed 5.71 times, highlighting strong institutional interest despite expectations for lower listing gains.

  • Grey market premium at ₹83 per share, down from expected ₹250-310
  • NSE IPO subscribed 5.71 times, despite high issue size
  • 94.9% of shares locked for six months post-IPO

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