Latent View analytics Ltd., a global digital analytics firm will open their Initial Public Offering(IPO) for subscription in November and close on November 11. The IPO will consist of Rs.474 crore and an Offer For Sale of up to Rs 126 Crore by its existing shareholder and promoters. Offer for Sale consists of Rs. 60.15 crore by Adugudi Viswanathan Venkatraman(Chairman), Rs. 23.52 crore by Gopinath Koteeswaran(CEO), Rs35 crores by Ramesh Hariharan, Rs. 3.87 crores by Subramanian Ramachandran, Rs.1.19 crore by Divya Balakrishnan, Rs.1.15 crore by Rajkumar Kaliyaperumal, and around Rs. 73.50 lakh by Priya Balakrishnan.
The lead managers to the issue are Axis Capital, ICICI Securities, and Haitong Securities India. Around Rs.147.90 crore worth of proceeds from the issue will be used for funding inorganic growth initiatives, Rs.82.40 crore for funding working capital requirements of the materials dept. of Latent View and Rs. 130 crore for investment to enhance their capital base for future growth.
Latent View is one of the leading data analytics companies and provides services primarily in technology, CPG and retail, to industrials and the banking, financial services, and insurance industries.
On 1st November, AusNet Services, Australian natural gas transmission company, announced that it has agreed to a binding takeover deal from a consortium including Brookfield Asset Management in a deal that values the business at A$10.2 billion (USD 7.7 billion).
AusNet also added that rival bidder APA Group was free to make a better counter-offer.AusNet, the energy infrastructure firm said it its statement that Brookfield’s latest offer values tha firm at A$2.65 a share (USD 1.99).
The offer from Brookfield was more than APA’s a more complex A$2.60 per share (USD 1.95) offer in late September.The company also announced that it has ended APA’s due diligence access after entering the binding agreement with Brookfield.
AusNet also added that APA was looking to increase the cash component of the deal after it was reported that Brookfield may revise their own offer.AusNet statement said, “APA did not indicate that it would be able to offer a full cash alternative or the value level at which any improvement to its indicative proposal could be made.”APA described AusNet as "highly attractive," however, there was no comment from the company whether a new bid will be send for AusNet or not.
APA is the largest natural gas infrastructure business in Australia and the company is looking to create a regional champion of gas distribution.
APA sent a bid of A$9.66 billion (USD 7.25 billion) in late September and it was topped by Brookfield’s A$10.2 billion (USD 7.7 billion) bid.AusNet said in its statement, “APA didn’t indicate that it would be able to offer a full cash alternative or the value level at which any improvement to its indicative proposal could be made.
EDM is more than just electronic music.
EDM is attraction, its catchy, it will make you leave you chair and jump with song.
Electronic dance music (also known as EDM, dance music, club music, or simply dance) is a broad range of percussive electronic music genres produced largely for nightclubs, raves, and festivals.
Produced for playback by disc jockeys (DJs), EDM is generally used in the context of a live mix, where a DJ creates a seamless selection of tracks by segueing from one recording to the next.
Like other music genres, EDM has various subgenres that evolved over the past 30 years that are often defined by their varying tempo (BPM), rhythm, instrumentation, and time period.
I bet we continue to see EDM's four-on-the-floor roots stay in position (as they've been here since disco) but adopt more and more of the organic side of synthesis and sampling.
Owing to a disruption in vaccine supply from the Centre, several vaccination centres across Sindh, including Hyderabad, had to temporarily close due to a shortage of vaccines.According to the Sindh Health Department, forty per cent of the vaccination centres in Hyderabad and parts of lower Sindh had to be temporarily shut down as they ran out of vaccine stock.تازہ ترین خبریں Meanwhile, the remaining vaccination centres are only facilitating those who visit to get the second dose of the vaccine.Per the Sindh Health Department, the shortage of vaccines is being faced because the federal government has not sent the supply to the province, adding that the new stock is expected to arrive by June 20.In Hyderabad, 21 vaccination centres have run out of vaccine stocks, the district health officer said.Logistics, coordination challenges disrupt vaccine supply in Pakistan Pakistan on Tuesday faced a shortage of COVID-19 vaccines due to the lack of coordination among government bodies, coupled with a disruption in supply from China.Officials in the federal government said that the task of procuring the vaccines had been assigned to the National Disaster Management Authority (NDMA) while the National Health Ministry was relieved of this duty.
As a result, a lack of coordination was witnessed while there was a disruption in vaccine supplies from China which led to the crisis.The NDMA, officials said, was not only dealing with Chinese vaccine manufacturers, including Sinopharm, Sinovac, and CansinoBIO, but it was also negotiating with Pfizer for the procurement of its mRNA vaccine for the country, a deal which could not be struck yet.Similarly, they said, Pakistan was relying heavily on the National Institute of Health (NIH), Islamabad, for the preparation and filing of single-dose Chinese vaccine Cansino from the bulk concentrate, which is being distributed in the name of PakVac, but the NIH also failed to fulfil its commitment of sustained supply of the single-dose vaccine.“NIH Islamabad had assured that they would be providing three million doses of PakVac (Cansino) vaccine per month but it failed to meet its commitment”, one of the officials said.In the beginning, the Pakistan government inoculated people with the double-dose Sinopharm vaccine from China, followed by AstraZeneca from the UK before opting for SinoVac and single-shot Cansino from China.
The National Command and Operation Centre (NCOC), which had received 100,000 doses of the Pfizer vaccine, has supplied 26,000 doses to Punjab, which will be administered to immunocompromised people, such as patients of organ transplant, cancer, and AIDS on a priority basis.When contacted, a spokesman of the Ministry of National Health Services, Regulations & Coordination said that the shortage of vaccine has spread thinly across the country.
Therefore, he suggested that the relocation of vaccines from limited use CVCs was required.He further said that only limited quantities of vaccines were reserved centrally.
“The next consignments of vaccines are expected towards the end of the current week,” he told The News.
