The Rustomjee Group company’s IPO includes a fresh issue worth Rs 560 crore and an offer for sale (OFS) of up to Rs 75 crore by the promoters – Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable