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The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.
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The Rs 2,106 crore IPO consists solely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, after deducting expenses, will go directly to the selling shareholder.
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As Donald Trump prepares for his second term, China is anticipating renewed tensions in trade, technology and Taiwan relations. Trump's threat of increased tariffs on Chinese goods, potential involvement in the Taiwan issue, and criticism of the CHIPS Act signal a period of uncertainty and potential economic and geopolitical shifts.
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