Ravi Infrabuild Projects Limited plans to raise Rs 1,100 crore through an IPO. The company has filed papers with SEBI for approval. The IPO consists of a fresh issue of equity shares. Funds will be used for equipment purchase and debt payment. The construction company focuses on roads, highways, and bridges. Their order book stands at Rs 3,092 crore.
Nifty’s early comeback signal: Why largecaps are holding up as broader market slides
India’s equity market divergence suggests largecaps may be regaining leadership as mid- and smallcaps remain under pressure. The Nifty has recovered to broadly flat returns