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The government's offer-for-sale for more than 4.75 crore Hindustan Zinc Ltd (HZL) shares to institutional investors over-subscribed on Wednesday, with institutional buyers putting bids worth close to Rs 3,400 crore. On the first day of the two-day OFS, bids came in for over 6.69 crore shares, which is 1.41 times the total of 4.75 crore shares on offer for institutional buyers.
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Newly elected U.S. President Donald Trump will face fiscal challenges that could threaten the country's standing in the global debt markets. U.S. budget deficits and government debt levels were largely projected to surge as Trump's policies are believed to worsen the U.S. fiscal picture.
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Swiggy plans to raise Rs 4,499 crore in primary capital, while shares worth Rs 6,828 crore are being put up on offer for sale by existing investors. The company has set a price band of Rs 371-390 for the issue.
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