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The company already provides Indian Railways with Rail Driver Cabin Air Conditioning Systems, and its strategic aim to grow its business
The company has launched a debt offer, and the subscription period for this offer will be from December 07 to December 20, 2023.
The sale caused Five-Star Business Finance shares to drop by approximately 5.89%
For this to happen, we may have to wait for a few quarters more as food price inflation is listed as a major downward risk in the near term.
The anchor book is scheduled for launch on December 12.
The move follows Warburg Pincus' complete exit from Computer Age Management Services Ltd (CAMS) earlier this week.
Lenders having higher reliance on sourcing from Fintechs and small ticket PL should see their greater degree of growth and profitability slowdown, in analysts of IIFL Securities view.
Stanley Lifestyles, a Bengaluru-based home solutions provider, has also received an observation letter from SEBI for its IPO.
The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
The company would be able to grow internationally because to LIC's presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC).