When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process. The regulator issued its final observations on the draft papers last week.
Biocon shares rose after the company secured a 10-year Pertuzumab supply contract in Brazil. The consortium with Bahiafarma and Bionovis received full allocation under the
IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebi’s approval of the NSE IPO.
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