Paradeep Parivahan IPO was subscribed 1.5 times, mainly due to retail investors. Share allotment will be finalized today, and investors can check status via BSE or Bigshare Services websites. The company plans to raise Rs 45 crore for working capital by selling 45.78 lakh shares at Rs 98 each. Paradeep Parivahan provides port-related services at Paradip Port, Odisha.
Adani Group’s cost of capital falls 104 basis points in FY25 amid credit upgrades
In a recent investor meeting, Adani officials stated that the reduction in borrowing costs is due to several credit rating upgrades, a more stable earnings