India, we have seen domestic criteria improving very fast, both the macro, the fiscal, as well as the monetary policy where RBI has cut rates, has injected huge amounts of liquidity and has done micro prudential easing as well.
Sambhv Steel Tubes is launching an IPO to raise ₹400 crore for debt repayment and ₹100 crore through an OFS, diluting promoter stake to 56%.
The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI
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