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Questioning an investing thesis — even considered one of our own — helps us all think critically about investing and make choices that help us become smarter, happier, and richer. It is and with the steadiness that we will have for the rest of this yr is, occupancy was down versus ’19 and March, it’s flat in April. And our objective within Travel the second half of this 12 months is for proprietor occupancy to be above ’19 levels and hopefully considerably as a end result of that’s our core business. So we’d lose out slightly bit on the rental, but the benefit is way clear once we get our owners again on vacation.

The largest trip ownership firm with 230 trip club resort locations throughout the globe. Wyndham Destinations CEO Michael D. Brown stated he hopes the combination of T+L’s audience and his company’s approximately 60,000 membership members will … Read More

Beauty startup Nykaa files DRHP with Sebi for IPO; to raise Rs 525 crore via fresh equity

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E-commerce beauty aggregator platform Nykaa has filed preliminary papers with market regulator Securities & Exchange Board of India (SEBI) for an initial public offering (IPO).

Nykaa, formally known as FSN E-Commerce Ventures Ltd, said its IPO will comprise a fresh issue of shares worth up to Rs 525 crore via and an offer for sale of up to 43.1 million shares, according to a copy of its draft red herring prospectus dated Monday.

Nykaa’s public offering comes after food-delivery firm Zomato Ltd’s stellar debut on the bourses last month.

The company is seeking a valuation of more than $4 billion.

Morgan Stanley, BofA Securities, and Citigroup are among the lead book-running managers to the IPO.

Promoter Sanjay Nayar Family Trust along with investors such as TPG Growth IV SF Pte. Ltd, Lighthouse India Fund, J M Financial, and Investment Consultancy Services, and Yogesh Agencies &  Investments

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