So far in the year 2024, 235 companies have announced IPO. Funds worth $ 8.6 billion have been raised through these issues. At the same time, another explosive entry is being made. NTPC Green Energy has finally applied for IPO on 18 September. The company has announced to raise Rs 10000 crore. According to the draft papers, this company is going to issue only fresh equity shares. Existing shareholders will not sell any stake through Offer for Sale (OFS).
The company is IIFL Finance Ltd. Indian company IIFL Finance Ltd. is at risk of a credit rating downgrade as early as this week, as its gold loan business has been banned by the RBI for several months. At the same time, this matter is still unresolved. A local rating agency has informed the company about a possible rating change from AA to AA-, according to people familiar with the matter to news agency Bloomberg.
--Advertisement--