Crizac has received SEBI approval for a Rs 1,000 crore IPO, entirely an offer for sale (OFS). The OFS includes Rs 841 crore worth of shares from Pinky Agarwal and Rs 159 crore from Manish Agarwal. A Kolkata-based B2B education platform, Crizac provides international student recruitment solutions across the UK, Canada, Ireland, Australia, and New Zealand.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.