JSW Infrastructure’s forthcoming public offering marks a significant milestone as the first public listing from the JSW Group in nearly 13 years. JSW Infrastructure had filed the draft red herring prospectus for its initial public offering with Sebi in May 2023. The IPO, consisting entirely of fresh shares, will serve as a means to partially retire existing debt obligations and fund future expansion projects. It will be the third company of the JSW Group to be listed through the IPO route after JSW Steel and JSW Energy.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of