THE BUZZ BRIEFINGS

HOLDING BACK API HOLDINGS, the parent company of e-pharmacy PharmEasy, has decided to put its IPO plans on hold. Citing the uncertain outlook that has forced many start-ups to delay their plans of listing, the company has withdrawn the application it had filed in November 2021 with the Securities and Exchange Board of India (Sebi). Having planned to raise `6,250 crore through the IPO, it said, ‘market conditions and strategic considerations’ have necessitated the shelving of its IPO plans for now. The start-up also informed its investors that it now plans to raise funds via a rights issue through convertible preference shares. —BINU PAUL ON THE RISE AGAIN Stagnant since demonetisation, prices of residential homes are surging again. With the cost of inputs such as steel, cement, copper and aluminium rising by up to…

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Business Today (Digital) - 1 Issue, 18 September 2022

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