Platinum Industries IPO received Rs 70.59 crore from anchor investors. Analysts recommend subscribing due to strong financial record. The company plans to utilize net proceeds for investment in Platinum Stabilizers Egypt, capex requirements, and has strong R&D capabilities. It is a multi-product manufacturing company with sales across India and international markets.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India