Unimech Aerospace’s IPO opens on December 23rd. The price band is set at Rs 745-785 per share. The IPO includes a fresh issue and an offer for sale. The company aims to raise Rs 582 crore. Proceeds will fund expansion and debt repayment. Unimech manufactures parts for aerospace, defense, and other sectors.
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