Mobikwik shares are set to debut on Wednesday with a grey market premium of Rs 160, indicating a potential 57% premium over the IPO price of Rs 279. The Rs 572 crore IPO was oversubscribed 119 times. The company plans to use the proceeds for growth and expansion.
FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak
Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170