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Nokia to acquire Infinera in $2.3 billion | Expected Synergies

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Nokia to Acquire Infinera

Nokia to acquire Infinera: Nokia announced its intention to acquire Infinera, a leading provider of open optical networking solutions and advanced optical semiconductors, for an enterprise value of $2.3 billion. The transaction is expected to close by the end of the second quarter of 2024, subject to customary closing conditions and regulatory approvals. Nokia to Read more: Nokia to acquire Infinera in $2.3 billion | Expected Synergies..

SEBI warns of rising risks associated with derivative trading craze

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SEBI warns of rising risks associated with derivative trading

The Securities and Exchange Board of India (SEBI) has expressed concerns regarding the rising risks associated with derivative trading in India, particularly due to the significant increase in participation by small and retail investors. The number of Demat and Trading accounts in India has seen a significant surge in recent years, driven by increased investor Read more: SEBI warns of rising risks associated with derivative trading craze..

Allied Blenders and Distillers IPO subscribed 23.5X overall with NII at 32.40X | Here’s Why

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Allied Blenders and Distillers IPO subscribed

Allied Blenders and Distillers IPO was subscribed 23.5 times(X) overall. The QIB (Qualified Institutional Buyers) portion was subscribed 50.37 times. Further, NII (Non-Institutional Investors) portion was subscribed 32.40 times. Allied Blenders and Distillers IPO is expected to announce its share allotment status today, Friday, June 28, 2024. ABD Shares are expected to be listed on Read more: Allied Blenders and Distillers IPO subscribed 23.5X overall with NII at 32.40X | Here’s Why..