Currently, if most IPO proceeds are to be used for capital expenditure, then the lock-in for the promoters’ shares is 36 months. But if the IPO-bound company states that the objective is for loan repayments, then the lock-in is only for 18 months.
Sona BLW Precision shares rise 3% on new plant launch in Manesar, Haryana
Shares of Sona BLW Precision Forgings rose nearly 3% following the inauguration of its new driveline plant in Manesar, Haryana. This development aims to meet