Paradeep Parivahan IPO was subscribed 1.5 times, mainly due to retail investors. Share allotment will be finalized today, and investors can check status via BSE or Bigshare Services websites. The company plans to raise Rs 45 crore for working capital by selling 45.78 lakh shares at Rs 98 each. Paradeep Parivahan provides port-related services at Paradip Port, Odisha.
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.