ArisInfra Solutions introduces its Rs 500 crore IPO today. The IPO includes a fresh offer and closes on June 20. The price is Rs 210–222 per share. The company will list on BSE and NSE. Proceeds will repay debt, meet working capital needs, and invest in BuildMEX Infra. SBICAP notes aggressive pricing, while Bajaj Broking highlights growth potential.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.