Saatvik Green Energy, a solar module manufacturer, is planning an IPO. The company aims to raise ₹700 crore through fresh equity. It will use the funds to expand capacity and repay debt. An additional ₹200 crore will be raised through an offer for sale. The IPO will reduce promoter stake to 76.02%. Saatvik’s financials show strong revenue and profit growth.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding