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Caliber Mining and Logistics, backed by Sunil Singhania's Abakkus, has filed its DRHP for an IPO. The issue comprises a fresh issue of up to Rs 500 crore and an OFS of up to Rs 100 crore. Proceeds from the fresh issue will be utilized for debt repayment, capital expenditure, and general corporate purposes.
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Nifty's short-term trend remains bullish, with the index expected to approach the next resistance level at 24,400. Any pullbacks are likely to find support near 23,900, according to Nagaraj Shetti of HDFC Securities.
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The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.
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