Regreen-Excel EPC India Ltd has filed papers with Sebi for an IPO to raise funds. The share-sale includes a fresh issue of Rs 350 crore and an offer-for-sale by promoters. The proceeds will be used for debt repayment, bank guarantees, and corporate purposes. The company specializes in ethanol plant projects.
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