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A good chairman is crucial for a well-functioning Board, balancing the interests of investors and management, and acting as a mentor to the management, says TV Mohandas Pai.
Ola Electric: The company is looking to raise up to INR 5,500 crore through fresh issue of shares, with an offer-for-sale (OFS) component of 95.2 million shares.
Also, the company plans to raise Rs 80 crore through a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
In an email to its bankers and lawyers on Sunday, an Ola Electric executive asked external advisers on the IPO - including the investment banking units of India's Kotak and ICICI, as well as foreign banks including Bank of America and Goldman Sachs - to give "utmost priority" to meet a five-week deadline, said the sources.
Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc.