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The company is looking to raise Rs 136 crore through a pre-IPO placement. If such placement is undertaken, then fresh issue size will be reduced. Proceeds from the fresh issue will be used to repay debt, fund working capital requirements of the company, pursue inorganic growth initiatives through acquisition and for general corporate purposes.
Shares of One97 Communications have plunged since RBI stopped most operations of its Paytm Payments Bank over repeated non-compliance with regulations.
AXIS Capital (NYSE:AXS – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday. A number of other brokerages have also weighed in on AXS. UBS Group upped their target price on shares of AXIS Capital from $77.00 to $80.00 […]
JM Financial, Axis Capital, ICICI Securities are the book running lead managers for Park Hotels IPO, with Link Intime India as the registrar.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades.