Divine Hira Jewellers IPO will open for subscription from March 17 to March 19, aiming to raise Rs 32 crore through fresh equity shares priced at Rs 90 each. The proceeds will be used for loan repayments, working capital, and corporate needs. The share allotment will be finalized on March 20, with shares listed on March 24.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.