Flysbs Aviation’s IPO is set to open on Friday. Investor interest is high, indicated by a strong grey market premium. The IPO aims to raise Rupees 102.53 crore through a fresh issue of shares. The company plans to use the funds for aircraft acquisition and debt repayment. Flysbs Aviation focuses on private jet operations.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.