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Indo-MIM shares list at 45% premium over IPO price

Indo-MIM shares debuted with a substantial premium on Thursday. The company’s initial public offering was priced at Rs 485 per share. Investor participation was exceptionally high, with QIBs showing strong interest. Funds raised will support debt repayment and general corporate needs. Indo-MIM is a leading manufacturer of precision engineering components.

California town loses decade-long fight to seize private water utility in 7-0 ruling

In a landmark decision, California’s Supreme Court dismissed a town’s claim regarding the use of eminent domain for utility purposes. The judges emphasized the need for a thorough, independent evaluation of necessity declarations before any utility can be seized. This shift significantly impacts how courts will weigh municipal efforts to take over private utility companies,…