The issue, which will close on August 8, is entirely an offer-for-sale, where the existing shareholder Helix Investments Holdings will sell up to 20.92 million equity shares, the company said.
Indian companies are experiencing a decline in shareholder dissent, with resolutions facing over 20% opposition from institutional investors dropping to 16% this fiscal year. Increased
India witnessed its lowest monthly increase in demat accounts this financial year, adding 3.5 million in October, as market volatility, fueled by overseas fund withdrawals
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