Blue Jet Health files papers for Rs 1,800-cr IPO
The public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around ₹1,800 crore, said bankers. The company operates under the “Blue Jet” brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.
Sebi clears IPO of Concord Enviro
Going by the draft papers, proceeds from the fresh issue will be used for investment in the company’s arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.
Govt committed to banking reforms: FM Nirmala Sitharaman
“We’ve already shown that we are very committed to the divestment process. For instance, the LIC public issue wasn’t easy, but we did it,” Sitharaman told delegates at the meeting. “We are committed and will go ahead with the banking sector reforms, and even the Cabinet has given clearance. We have mentioned it in the […]
Inflationary pressures in India are not as great as elsewhere in the world, says HSBC’s Noel Quinn
While a group of investors sought the bank’s restructuring to boost returns, Quinn believes recent rising incomes prove the lender’s current structure is adequate to help achieve the desired results.