Though five independent candidates were in the fray, the main contest was between Borra and Gandham Narayana Rao, supported by the State Teachers Union (STU). Gandham got 5,259 votes.
The ingredients are familiar -- soaring valuations, inexperienced startups, overhyped demos, bold headlines, and investors chasing the next miracle without understanding the technology or its use case ...
The issue aggregating up to Rs 2,342.3 crore comprises a fresh issue of Rs 1,100 crore and an offer-for-sale of up to Rs 1,242.3 crore by the selling shareholders.