The government’s offer-for-sale for more than 4.75 crore HZL shares to institutional investors got over-subscribed before the close of market hours on Wednesday with institutional buyers putting in close to Rs 3,400-crore worth bids. Institutional investors put in bids for over 6.69 crore shares, which is 1.4 times the 4.75 crore shares on offer for them.
Open FlipThe International Finance Corporation (IFC) has committed $400 million to support Bajaj Finance Ltd's expansion of access to finance for electric vehicles and energy-efficient consumer goods, as well as women-owned microenterprises, as part of a $1 billion fundraising exercise. This aims to increase competitiveness in the climate finance market and promote financial inclusion.
Open FlipDr Reddy's Labs and Mankind Pharma reported strong Q2 performance with double-digit revenue growth and improved business prospects, despite challenges in acute therapies in India. DRL crossed ₹8,000 crore in revenues, while Mankind outperformed with 3.4 times volume growth in India and 57% export growth.
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