AGP Executive Report
Last update: 7 hours agoMauritius-linked IPO buzz: Pranav Constructions’ ₹351-crore IPO opened for subscription on Sept 7 and was subscribed 2.56x by 12:45 pm, with the price band set at ₹118–₹124 and grey market premium around ₹44 (implying a potential ~35% listing gain). Anchor funding came to ₹84.2 crore, including Goldman Sachs Investments (Mauritius) and other funds, while the issue closes Sept 9. Local business hiring: Not Just Travel launched a recruitment drive to expand its head office support team, advertising six roles across HR, digital design, marketing, lead generation and business development. Regulation for digital assets: Ghana, Mauritius and Uganda are developing stablecoin rules and coordinating standards, as stablecoins gain traction for cross-border transfers. Finance connectivity: Xinhua reports RMB use expanding across Africa, moving from trade settlement into payments, clearing and even financing as payment infrastructure improves. Healthcare ownership move: Union (Mauritius) Holdings increased its stake in Aster DM Quality Care to ~24.58% after buying shares worth ~₹350.34 crore from Centella Mauritius Holdings. Trade policy angle: India’s recent FTAs include Mauritius, with duty-free access opening up large market opportunities across electronics, agriculture and gems.
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