Two Gujarat-based companies have submitted draft IPO papers to Sebi. Surat’s Cosmic PV Power plans to raise ₹640 crore through a fresh issue and OFS. Vadodara’s Gujarat Victory Forgings has also filed for an IPO, comprising a fresh issue and an offer for sale.
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI’s new proposal for NBFCs
Shares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively barring revolving credit products.