Ajax Engineering plans to raise up to Rs 1,269.4 crore through an IPO. Kedaara Capital will sell its entire 6.5% stake. The company’s promoter group stake will decrease to over 82%. Ajax leads the market for self-loading concrete mixers and benefits from growing infrastructure needs in India.
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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