M&B Engineering plans to raise ₹650 crore through an IPO, including a fresh issue and offer for sale, to fund expansion and debt repayment. The company, known for its AISC-certified PEB facility and higher margins, will see promoter stake decrease post-IPO.
Oil prices well below $100 as Strait of Hormuz reopens but experts aren’t convinced just yet. Here’s why
Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal. This development,