Vivid Electromech’s IPO, aiming to raise Rs 130.54 crore, opened for subscription on Wednesday. The company plans to utilize funds for a new manufacturing unit, debt repayment, and working capital. The issue includes both fresh equity and an offer for sale by promoters. Grey market indicators suggest a flat listing.
Lok Sabha approves Finance Bill, tax rules eased
The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill