Interarch Building Products’ IPO was open from August 19-21, targeting approximately Rs 600 crore through fresh shares and an offer for sale. The company, known for its pre-engineered steel buildings, exhibited substantial financial growth in FY24. The price band for the shares ranged between Rs 850-900 per share.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative