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TBZ IPO subscribed 6% on Day 1

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The initial public offering (IPO) of jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) received six per cent subscription on the first day of the issue with most bids coming in from wealthy investors. The 16.66 million shares on offer are priced between Rs 120 and Rs 126 per share. The IPO closes on April 26.

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Credit ratings fell the most in three years: CRISIL

According to CRISIL, the Indian arm of Standard & Poor which rates over 9,000 issuers in India, credit ratings have fallen the most in three ...

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