Elin Electronics IPO to open on Dec 20; price band fixed at Rs 234-247 per share https://ift.tt/0F1aPO3 company aims to raise Rs 475 crore via initial stake sale, including a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore by its promoters and existing shareholders.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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