Avanse Financial Services, the Warburg Pincus-backed education financing firm, is weighing a delay in its planned IPO amid slowing loan demand caused by stricter US visa rules, according to people familiar with the matter. The Mumbai-based lender may wait for overseas loan demand to improve before resuming the share sale, though deliberations are ongoing and no final decision has been taken.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires