The capital markets regulator said in a notification that the “issuance of observations (has been) kept in abeyance.” It did not provide further details. NSDL last month filed its draft red herring prospectus with the Sebi for an IPO which is entirely an offer for sale (OFS) of 57,260,001 shares by existing investors such as IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India
Polycab shares slip 7% after Q2 results. What should investors do?
Polycab India’s shares fell nearly 7% despite a 3.5% YoY net profit increase, driven by strong revenue growth but rising expenses. Analysts remain positive, with