Sai Life Sciences’ IPO, aiming to raise up to Rs 3,042 crore, includes a fresh equity issue of up to Rs 950 crore and an Offer for Sale of 3.81 crore shares. The price band is set at Rs 522-549 per share, with a minimum bid of 27 shares. The current GMP is Rs 22, signaling a 4.01% premium.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,