The proposed IPO will be an entirely offer-for-sale (OFS) by existing shareholders, with no fresh equity issuance, the exchange said in a statement. This means the company will not raise new capital through the public issue, and the proceeds will go to the selling shareholders.
IIFCL DMD's remarks came in the backdrop of reports that the government is considering selling stakes in IIFCL, its long-term infrastructure lending arm, and that the ministerial panel is expected to finalise the IPO structure, which may combine fresh equity issuance and a partial governm
Over the years, private companies have steadily reduced their debt, leading to stronger balance sheets. This has been driven by low capital expenditure (capex), government initiatives to boost infrastructure, fresh equity issuances, and improved capacity utilization. Many companies have also
New Delhi [India], Feb 4 (ANI): Bharti Airtel on Tuesday reported a loss of Rs 1,035 crore in the quarter ended December as the telecom major tackles a bruising pricing battle, mounting debt and regulatory overhang.