Shadowfax Technologies is set to raise ₹1,000 crore through a fresh issue and ₹907.3 crore via an offer for sale in its upcoming IPO. The e-commerce logistics firm has seen significant market share growth and improved profitability, though revenue concentration with one client remains a concern.
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