Avaada Electro Ltd is making waves in the financial market by submitting updated draft papers for a massive Rs 7,600 crore initial public offering. This IPO features a fresh equity share issuance alongside an offer for sale. The proceeds aim to address loan repayments and support general corporate functions while facilitating the company’s ambitious capacity expansion and product innovations.
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