The floor price for the offer has been fixed at ₹1,000, which is 18% discount to Wednesday’s closing price of ₹1,228. At the floor price, the OFS could fetch ₹3,260 crore for the promoters.
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a
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