Approximately $26 billion in shares from 71 recently listed companies will become available for sale as IPO lock-ins expire between June 17 and September-end. This potential supply overhang could impact stock prices, with $15.96 billion across 31 companies becoming eligible for sale in the next month alone.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.