Mazagon Dock OFS: Mazagon Dock Shipbuilders shares plunged 13% to hit an intraday low of ₹2,207.30 on the BSE on Monday, following the government’s decision to exercise the oversubscription option and offload an additional 1.18% stake in the company via its ongoing offer for sale (OFS).
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an