Groww’s Rs 6,632-crore initial public offering comprises a fresh issue of Rs 1,060 crore and an offer for sale (OFS) of 557 million shares by existing shareholders. The price band has been fixed at Rs 95–100 per share. The firm is targeting to go public at a valuation of $7 billion.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs