Thursday, 18 September, 2025
Urban Company’s IPO Soars 64%; Fintech Faces Fallout from RMG Ban
Urban Company made a stellar debut on the Indian stock exchanges, with shares surging up to 74% on listing day, closing at ₹169 on the NSE. The company’s market capitalization exceeded ₹25,000 crore, boosted by investor interest including a 4% stake acquisition by Prosus NV. Meanwhile, fintech firms grapple with the impact of India's real-money gaming ban, leading to significant revenue declines and regulatory challenges.
Read full story at Economic Times