The proceeds from the issue will be used to repay ₹510 crore debt. Last month, the company raised ₹123 crore in its pre-IPO placement at the same level as the upper price band. The promoter family is not selling its shares in the issue.
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large
Debt mutual funds faced substantial outflows amounting to Rs 1.8 lakh crore in September, which was considerable. These outflows were primarily due to liquidity needs,
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