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The IPO comprises a fresh equity issue worth ₹4,499 crore and an OFS of 17,50,87,963 equity shares, offering investors the opportunity to buy into the company.

"These efforts (along with discharge of fund-based debt) have resulted in debt resolution of approximately Rs 8,140 crore," stated the statement.

Sanathan Textiles has more than 30,000 stock-keeping units (SKUs) and more than 2,800 active yarn product variants by June 30, 2024.

Between November 5 and November 7, the public will have three days to subscribe for the Sagility India IPO.

The bank reaffirmed its dedication to fostering India's development, particularly in fields like sustainable finance, digital transformation.

According to an official statement from the corporation, this is a 21% increase over the same period last year.

The IPO comprises an Offer for Sale (OFS) of 70.22 crore shares by promoter Sagility BV, valuing at ₹2,106.60 crore at the upper end of the price range.

In order to further diversify its operating capabilities, it is also growing its footprint by constructing a 3 GW production facility in the US.

The company supplies electricity to buyers, including central and state-backed entities, with 85% of its operational capacity based in Andhra Pradesh, Rajasthan, and Telangana.

SUV sales were the only bright spot last month, as wholesales, or automakers' sales to dealers, were flat or slightly down.