The National Stock Exchange is set to refile for an initial public offering with the Securities and Exchange Board of India after addressing regulatory issues. The IPO, expected to be India’s largest, is anticipated to raise ₹30,000 crore. NSE aims to secure the no-objection certificate needed to proceed with its plans.
REC, PFC shares rally up to 3% after Morgan Stanley initiates coverage with overweight rating
The global brokerage has assigned a price target of Rs 485 for REC and Rs 508 for PFC, indicating potential gains of 23% and 21%,