A Bank of Baroda study reveals that only about a quarter of equity raised through IPOs is allocated for capital expenditure. Most funds are used for debt repayment, subsidiary investments, and working capital, with a significant portion of IPOs being offer-for-sale by existing shareholders, raising concerns about the purpose of public markets.
Hindustan Copper shares gain 3% as company plans Rs 7,000 crore capital investment in next 5 years
Hindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSUs to