The IPO comprises a fresh issue size of Rs 180 crore, which has been reduced from Rs 225 crore earlier. The issue also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares. Overall, the firm looks to raise Rs 1,964 crore.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction