The IPO comprises a fresh issue size of Rs 180 crore, which has been reduced from Rs 225 crore earlier. The issue also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares. Overall, the firm looks to raise Rs 1,964 crore.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,