India Inc raises record $30 billion in 6 months, riding FPO wave

July 11, 2024

Indian companies have raised a record $29.5 billion in the equity market through IPOs & FPOs in the first half of 2024, more than double the amount raised last year. Follow-on public offers accounted for 85% of the total proceeds. Analysts anticipate a potential record year for equity issuances.

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Bajaj Finance shares jump 5% after RBI cuts repo rate by 50 bps, CRR by 100 bps

The spike in Bajaj Finance shares came after the RBI slashed the repo rate by 50 bps and CRR by 100 bps, unlocking Rs 2.5

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